Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Connecticut to cut workers comp rate for 2016

Reprints

Connecticut Insurance Commissioner Katharine L. Wade has approved a 3.9% reduction in voluntary market workers compensation advisory rates for the state next year.

Advisory rates for Connecticut's residual workers comp market will also fall 7.9% next year, according to a statement Friday from the Connecticut Insurance Department. The rate cuts, approved by Ms. Wade on Tuesday, are based partly on lower workers comp claim frequency, the department said.

“We are seeing a steady decline in the number of claims, and robust competition among workers comp insurers is also helping to drive down costs,” Ms. Wade said in the statement.

The rate cuts, effective Jan. 1, were based on a recommendation from the National Council on Compensation Insurance Inc., according to the insurance department.