Conn. Workers’ Comp Writers File for Decrease

Connecticut Insurance Commissioner Susan F. Cogswell will hold a public hearing on Thursday, Oct. 21 to consider two workers’compensation filings submitted by the National Council on Compensation Insurance (NCCI) on behalf of the state’s workers compensation insurers.

NCCI’s filings for voluntary market advisory pure premium loss costs and assigned risk plan rates are proposed to be effective Jan. 1, 2005. NCCI proposes an average decrease of -0.3 percent for pure premium loss costs and an average increase of +4.2 percent in assigned risk rates.

The overall change in the two filings are distributed by major industry group as follows:

Manufacturing
Pure Premium Loss Cost Change -1.7 %
Assigned Risk Rate Change +2.7%

Contracting
-0.7%
+3.8%

Office & Clerical
-0.2%
+4.3%

Goods & Services
+2.0%
+6.6%

Miscellaneous
-3.0%
+1.4 %

The public may examine copies of the filings during normal business hours at the Connecticut Insurance Department, 153 Market Street, Hartford, 7th Floor, in the Property and Casualty Division.