NCCI proposes rate cuts for 2025
- August 17, 2025
- Posted by: Web workers
- Category: Workers Comp
The National Council on Compensation Insurance recommended an average 6.1% cut in voluntary loss costs for Connecticut in 2025.
NCCI also proposed a 6.2% average reduction in the assigned risk market rates in a filing submitted to the Connecticut Insurance Department. NCCI said the primary driver of the proposal is improved experience.
Lost-time claim frequency has generally been declining in the state. Although claims increased in policy years 2020 and 2021, NCCI said those increases — along with larger-than-typical decreases in policy years 2018 and 2019 — may reflect the effect of the pandemic.
The average indemnity and medical cost per case increased in the latest year, but NCCI said the more significant increase for medical follows two consecutive years of significant decreases.
“Looking over a longer-term history, the indemnity average cost per case appears relatively flat while medical average cost per case has exhibited more variability in recent years with a downward trend since 2013,” NCCI said.
“Together, claim frequency and severity trends suggest improving workers’ compensation experience.”
The Insurance Department opened a 30-day public comment period on the rate filing but will not hold a public hearing.
