Call or email us anytime
(805) 484-0333
Search Guide
Today is Monday, May 12, 2025 -

News Articles

Ninth Straight Comp Rate Decrease Approved

  • State: Connecticut
  • Topic: NORTH
  • - Popular with: Legal
  • -  0 shares

Connecticut Gov. Ned Lamont on Monday announced that state businesses will see another rate decrease in workers' compensation insurance beginning Jan. 1, 2023.

The Connecticut Insurance Department approved an annual filing with decreases of 3% to workers' comp pure premium loss costs.

This marks the ninth consecutive year the department has approved rate decreases for workers' compensation insurance, saving Connecticut businesses more than $300 million, according to a statement from the governor’s office, which cited safer workplaces as the reason behind the steady reductions.

“The loss costs and assigned risk rates have steadily gone down over the last nine years, helping businesses better control workers’ compensation insurance costs — one of their critical operating expenses,” Andrew N. Mais, state insurance commissioner, said in the statement. “This reflects an ongoing decrease in the number of workplace injuries and claims filed.”

Business Insurance is a sister publication of WorkCompCentral. More stories are here.

No Comments

Log in to post a comment

Close


Do not post libelous remarks. You are solely responsible for the postings you input. By posting here you agree to hold harmless and indemnify WorkCompCentral for any damages and actions your post may cause.

Advertisements

Upcoming Events

  • May 12-14, 2025

    NCCI Annual Insights Symposium

    NCCI's Annual Insights Symposium (AIS) 2025 will deliver data-driven insights, providing workers c …

  • May 12-13, 2025

    CSIA 2025 Annual Conference

    The Board of Managers is excited to announce that the CSIA 2025 Annual Meeting and Educational Con …

  • Jun 11-13, 2025

    CCWC 2025 Educational Conferen

    For two decades, CCWC has assembled the key players in the workers’ compensation arena for what is …

Workers' Compensation Events

Social Media Links


WorkCompCentral
c/o Business Insurance Holdings, Inc.
PO Box 1010
Greenwich, CT 06836
(805) 484-0333