Connecticut Department of Insurance
09/23/2025 | Press release | Distributed by Public on 09/23/2025 08:10
NOTICE OF PUBLIC COMMENT FOR NATIONAL COUNCIL ON COMPENSATION INSURANCE RATE AND LOSS COST FILING, EFFECTIVE JANUARY 1, 2026
To view the filing:
Click here to view the filing in PDFs:
(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 [email protected])
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
- Select BEGIN SEARCH
- Scroll down and select ACCEPT to enter the CT SERFF system
- Select PROPERTY & CASUALTY under Business Type
- Type in NCCI under Company Name
- Enter 9/12/2025 under both the "Start Submission Date" and "End Submission Date"
- 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 3.8% to the current voluntary loss costs and an average decrease of 0.4% 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, 2026.
This filing also proposes extending loss costs, rates, and Expected Loss Rates (ELRs) to three decimal places for all classification codes and statistical codes. This proposed change enables NCCI to recommend more precise and responsive changes by individual classification. The proposed change is expected to be premium neutral on an overall basis for the statewide, voluntary, and assigned risk markets.
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:
| Industry Group |
Voluntary Market Average Loss Cost Level Change (%) |
Assigned Risk Market Average Rate Level Change (%) |
|---|---|---|
| Manufacturing | -5.6% |
-2.3% |
| Contracting | -4.9% | -1.5% |
| Office & Clerical | +1.3% | +4.9% |
| Goods & Services | -4.0% | -0.6% |
| Miscellaneous | -3.6% | -0.2% |
| Overall Change | -3.8% | -0.4% |
The key components of the Voluntary Market Loss Costs and Assigned Risk Market Rate changes are comprised of the following elements:
| Key Component |
Voluntary Market Average Loss Cost Level Change (%) |
|---|---|
| Change in Experience | -4.2% |
| Change in Development | -0.4% |
| Change in Trend | +0.0% |
| Change in Benefits | +0.9% |
| Change in Loss-Based Expenses | +0.2% |
| Offset for Change in Assigned Risk Differential | -0.2% |
| Overall Voluntary Lost Cost Level Change | -3.8% |
|
Assigned Risk Market Average Rate Level Change (%) |
|
|---|---|
| Voluntary Loss Cost Level Change | -3.8% |
| Change in Assigned Risk Multiplier | +3.5% |
| Overall Assigned Risk Rate Level Change | -0.4% |
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: [email protected]
Connecticut Department of Insurance published this content on September 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 23, 2025 at 14:10 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]