WORKERS’ COMPENSATION RATES DECREASE
HARTFORD, CT – Governor Ned Lamont today announced that Connecticut businesses will see another rate decrease in workers’ compensation insurance in 2022. The Connecticut Insurance Department has approved a filing with decreases of 14.1% to workers’ compensation pure premium lost costs, and an 8.2% reduction in assigned risk rates. The decreases pave the way for insurance companies to reduce the workers’ compensation premiums for individual businesses in Connecticut. This is the eighth consecutive year of rate decreases in Connecticut. Since Governor Lamont was inaugurated in 2019, Connecticut businesses have experienced savings of more than $140 million in workers’ compensation premiums – a significant savings compared to the $800 million workers’ compensation book of business in the state. “This further decline…
