Rose Shannon

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Nov 15, 2023, 12:47 PM

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Updated

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State officials announced Wednesday Connecticut businesses will see lower workers' compensation premiums next year.

The Connecticut Insurance Department has approved an annual workers' compensation rate filing for 2024 of 9.8%.

There will also be a decrease of 10.5% in assigned risk plan rates.

This is the 10th straight year premiums have decreased.

Officials say it is due to increased safety standards leading to fewer claims being filed.