September 20^th, 2023

To view the filing:

Click here to view the filing in PDFs:

• Voluntary Loss Costs, Assigned Risk Rates, and Rating Values Filing Proposed Effective January 1, 2024
• Industry Group Summary

(This rate filing is in a protected PDF format provided by the NCCI. If you need to access the content in an alternate format please contact NCCI representative Justin Moulton at Justin_Moulton@ncci.com)

Or

Access it through the CID’s online SERFF site (see instructions below)

To review the filings in SERFF go to “SERFF Filing Access For Form And Rate Filings” on the Department’s website

1. Select BEGIN SEARCH
2. Scroll down and select ACCEPT to enter the CT SERFF system
3. Select PROPERTY & CASUALTY under Business Type
4. Type in NCCI under Company Name
5. Enter 9/15/2023 under both the “Start Submission Date” and “End Submission Date”
6. Select SEARCH and click on the “Rate” filing

Commissioner Andrew N. Mais today announced a thirty (30) day period of public comment on the National Council on Compensation Insurance’s (“NCCI”) voluntary loss cost and assigned risk rate filing. The Connecticut Insurance Department (“Department”) has summarized the filing and provided a link to the filing including supporting documentation. The Department does not intend to hold a public hearing concerning this filing. However, interested parties are encouraged to provide comments concerning the subject filing to the Property & Casualty Division at the address provided below or via email.

NCCI is proposing that the Department approve an overall average decrease of 9.8% to the current voluntary loss costs and an average decrease of 10.5% to the current assigned risk rate level. The new loss costs and assigned risk rates which are the subject of this Public Notice take effect on January 1, 2024.

Earlier this year, NCCI filed Item E-1410, which proposed changes to the treatment of COVID-19 claims in experience rating. This filing was approved in Connecticut. NCCI will be treating the pandemic and its resulting data, between accident dates of December 1, 2019, and June 30, 2023, as a catastrophic event. The claims that occurred during this period are not expected to be a reliable predictor of future years; therefore, all reported COVID‐19 claims were excluded from ratemaking in this filing. Beginning July 1, 2023, new COVID-19 claims with accident dates after July 1 will be included in experience rating and will be reflected in ratemaking in subsequent years; however, COVID-19 claims before that date will continue to be excluded from experience rating and ratemaking.

The proposed change in Voluntary Market Loss Costs reflects the following loss cost level change, and the proposed change in Assigned Risk Market Rates reflects the following rate level changes:

The key components of the Voluntary Market Loss Costs and Assigned Risk Market Rate changes are comprised of the following elements:

The public may contact the Insurance Department's Property and Casualty Division with questions and comments concerning this filing.

Property & Casualty Division
State of Connecticut
Insurance Department
P.O. Box 816
Hartford, CT 06142-0816
Telephone: (860) 297-3800 or 1(800) 203-3447
E-mail: cid.pc@ct.gov