Connecticut Marks 22 Consecutive Years of Workers' Compensation Rate Decreases

FOR IMMEDIATE RELEASE – November 12, 2026

Approved 2027 Filing Reduces Voluntary Market Loss Costs by 4.9% and Assigned Risk Rates by 5.8%

HARTFORD, CT – Connecticut employers will see another reduction in workers’ compensation insurance costs beginning January 1, 2027, after the Connecticut Insurance Department (CID) approved a filing from the National Council on Compensation Insurance (NCCI). The approved filing reduces voluntary market loss costs by an average of 4.9% and assigned risk rates by an average of 5.8%, marking the 22nd consecutive year of decreases in both categories.

“Another year of decreases is welcome news for Connecticut businesses,” said Insurance Commissioner Josh Hershman. “Workers’ compensation insurance is a significant operating expense for many employers, particularly small businesses. These continued reductions help keep coverage more affordable for employers across the state.”

CID reviewed NCCI’s filing, which is based on Connecticut workers’ compensation loss experience, and determined that the proposed decreases were appropriate. The Department approved the filing following a 30-day public comment period.

Voluntary market loss costs reflect the expected cost of paying workers’ compensation claims and related loss adjustment expenses. Insurers use these costs, along with their own approved expenses and other factors, to determine the premiums charged to employers. Assigned risk rates apply to employers who are unable to obtain workers’ compensation coverage in the voluntary market.

While individual premiums vary based on an employer’s industry, claims history, payroll, and other factors, decreases in loss costs generally place downward pressure on workers’ compensation insurance premiums over time.

The approved changes apply to workers’ compensation policies with effective dates on or after January 1, 2027.

View the full Memorandum and Order approving the 2027 NCCI Workers’ Compensation filing.

###

Contact: Mary Quinn
Communications Director
Mary.Quinn@ct.gov
Cell: (959) 529-4904