NCCI Proposes 4.9% Workers’ Comp Loss Cost Drop for CT
The National Council on Compensation Insurance (NCCI) has requested an average decrease in Workers’ Compensation loss costs for 2027. If the state Department of Insurance (DOI) approves, the new loss costs will apply to policies effective on and after January 1, 2027.
Loss costs are not premium rates. They reflect an insurer’s actual or expected costs for indemnity payments plus loss adjustment expenses. They do not include the insurer’s overhead expenses or desired profits.
Each individual insurer must develop additional factors known as “loss cost multipliers” (LCMs) to reflect expenses and profit. When multiplied by a lost cost, an LCM produces a premium rate. LCMs are also subject to DOI approval.
The NCCI filing calls for an average decrease in voluntary market loss costs of 4.9% and a 5.8% average decrease for assigned risk rates. This follows decreases in 2026 of 3.8% for voluntary policies and 0.4% for assigned risk policies.
NCCI also proposed increases in the maximum and minimum weekly payrolls for executive officers and members of limited liability companies. The maximums would increase from $3,400 to $3,600 and the minimums would increase from $1,700 to $1,800.
The DOI is accepting comments from the public on the NCCI filing until October 29, 2026. Comments and questions may be sent to:
Property & Casualty Division
State of Connecticut
Insurance Department
P.O. Box 816
Hartford, CT 06142-0816
(860) 297-3800 or 1(800) 203-3447
cid.pc@ct.gov
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