The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 3.8% decrease. Also approved was an overall assigned-risk rate reduction of 0.4%. These...
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -4.3%, effective Thursday, Jan. 1, 2026, and applicable to new and renewal policies. The NJCRIB distributed Circular Letter...
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -4.3% to become effective Sunday, Jan. 1, 2026, applicable to new and renewal policies. The NJCRIB distributed Circular...
The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 3.8% decrease. Also approved is an overall assigned risk rate reduction of 0.4%. These...
The Department of Banking and Insurance has issued Order No. A25-02, granting member insurers of the New Jersey Property-Liability Insurance Guaranty Association permission to impose a surcharge on policyholders to recoup the 2025 assessment. This order follows...
In a move to support the mental well-being of New Jersey’s first responders, Gov. Phil Murphy signed A.5792 into law on Aug. 21, 2025. The legislation, which passed both chambers of the New Jersey Legislature without opposition, establishes confidential mental health...
The New Hampshire Insurance Department approved the original workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 6.1% decrease. These loss costs will take effect Jan. 1, 2026. The assigned...
In May, an application for an overall loss cost decrease of 13.2% was submitted to the New York State Department of Financial Services by the New York Compensation Insurance Rating Board. The NYDFS approved the application as filed with an effective date of Wednesday,...
The Connecticut Insurance Department has issued Bulletin PC-92-25 to clarify and update the rules for personal-lines insurance rate filings under the state’s flex-rate filing provisions. What is flex rating? Flex rating allows insurers to adjust rates for...
The insurance industry just got a loud knock on the door. Carriers like Erie Insurance, Philadelphia Insurance Cos., and AFLAC are all reportedly grappling with the fallout from major cyberattacks—likely launched by the hacker group known as Scattered Spider. These...