NCCI Proposes Workers’ Comp Loss Cost Decrease in Connecticut

The National Council on Compensation Insurance (NCCI) recently proposed an overall average change in voluntary loss cost level of -0.6 percent in Connecticut. Key components for the proposed change include -0.4 percent for experience and trend, -0.2 percent for benefits, and no change for loss-based expenses.

In its filing on Sept. 26, NCCI also requested an overall average change in assigned risk rate level of -0.5 percent. Key components include -0.6 percent for the overall voluntary loss cost level change and +0.1 percent change in the assigned risk multiplier.

NCCI’s filing is proposed to be effective Jan. 1, 2015 and is currently under review by the Connecticut Insurance Department.