Conn. approves 8th consecutive comp rate decrease
The Connecticut Insurance Department approved a 14.1% workers compensation rate decrease, effective Jan. 1.
This is the eighth consecutive year of rate decreases in Connecticut, Gov. Ned Lamont said in a statement.
“This further decline in workers compensation insurance premiums is good news for businesses, enabling employers to invest more money back into their companies and employees, and providing a boost to our economy,” the governor said.
Connecticut Insurance Commissioner Andrew N. Mais said in a statement that the eight years of rate cuts have had a cumulative impact of more than $300 million in premium savings for state businesses.
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A New Haven, Connecticut, city worker who claims he was fired for filing a workers compensation claim can pursue his case even though an arbitrator did not find that he was wrongly terminated when the employee’s union officials pursued a separate complaint, the Connecticut Supreme Court ruled Tuesday.
