Connecticut Will See Lower Workers' Compensation Rates

Proposed rate decreases from the National Council on Compensation Insurance would take effect on January 1, 2027.

Updated on Sept. 30, 2026 in Insurance

Connecticut Will See Lower Workers' Compensation Rates

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The National Council on Compensation Insurance has proposed a 4.9 percent decrease in voluntary workers' compensation loss costs and a 5.8 percent reduction in assigned risk rates in Connecticut. If approved, the new rates will take effect on January 1, 2027.

Why it matters

This filing continues a downward trend for insurance costs in Connecticut, which have seen decreases for thirteen consecutive years. The adjustments serve to reflect updated loss experience for the state's insurance market.

The National Council on Compensation Insurance submitted a filing for a 4.9% decrease in voluntary loss costs and a 5.8% drop in assigned risk rates. This follows a 6.1% decrease in 2025 voluntary loss costs and a 6.2% drop in assigned risk market rates.

The players

National Council on Compensation Insurance

This organization manages and provides data and insurance solutions for the workers' compensation system.

Connecticut Insurance Department

This is the state agency responsible for overseeing insurance industry filings and consumer protections in Connecticut.

The details

The Connecticut Insurance Department has opened a 30-day public comment period to review the proposal, though they do not intend to hold a public hearing. Interested parties can submit feedback via email to the department as regulators consider the impact of the requested changes.

2025: Voluntary loss costs fell 6.1 percent.
2026: Voluntary loss costs fell 3.8 percent.
September 30, 2026: Commissioner opened 30-day public comment period.
October 30, 2026: Public comment period concludes.
January 1, 2027: Proposed rates take effect if approved.

Market Dynamics

This proposal continues the thirteen-year consecutive decline in Connecticut workers' compensation costs. The filing aligns with a long-term downward trajectory in state loss costs and assigned risk rates observed since the previous decade.

Businesses in Connecticut may see lower insurance overhead if the proposed decreases are finalized for the 2027 calendar year. Stakeholders should review these potential changes when budgeting for employment-related costs in the coming fiscal period.

The takeaway

The proposed rate cuts suggest a stable insurance environment for employers operating within the state of Connecticut. Businesses should monitor the results of the public comment period to finalize their financial forecasts for the upcoming year.