In 2024, the NCCI recommended reductions in
workers’ compensation premium rates across multiple U.S. states. These recommendations reflected broader national trends, including reduced claims severity, improved workplace safety through automation, better hiring practices, strategies to return injured employees to work, and increased investment in employer safety programs. One such filing, in Connecticut, was approved by the state’s insurance regulator and reported by
Reuters as part of wider industry developments. In May 2025,
Insurance Journal reported that the NCCI attributed cost management in the workers’ compensation system to medical fee schedules and data-driven decision-making. NCCI stated that combined ratios have remained below 100 due to three primary trends: continued long-term declines in frequency, moderate severity, and growing wages. In its "2025 State of the Line" report, the NCCI stated that U.S. workers’ compensation net premium fell by 3 percent in 2024, with a
combined ratio of 86, the same as in 2023. As reported by
Insurance Journal, 2024 also saw a 5 percent decline in lost-time claim frequency, while medical and
indemnity claim severity each increased by 6 percent. The report noted that although overall claim frequency has declined in recent years, industry-specific patterns vary; for example, the private education sector saw an increase in injuries categorized as “struck or injured by”. ==References==