Tag: Connecticut businesses

Connecticut Reduces Workers’ Compensation Rates for Employers

The Center Square

Connecticut businesses will pay less for workers’ compensation insurance next year, with the state again reducing premiums paid by private employers, which regulators say reflects an ongoing decline in claims. 

The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% in voluntary market loss costs and a decrease of 10.5% in assigned risk plan rates. 

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Connecticut Workers’ Compensation Rates Drop for Ninth Year in a Row

The Center Square

A decrease in workers’ compensation rates is continuing in Connecticut for a ninth straight year.

Beginning Jan. 1, workers’ compensation rates will fall by 3%, Gov. Ned Lamont said, as the Connecticut Insurance Department approved the filing for pure premium loss costs. However, those companies who have an assigned risk will not see a reduction.

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