The New Hampshire Insurance Department (NHID) has approved an average of 2.9% reduction in workers’ compensation rates for 2027, marking the 15th consecutive year of declining voluntary workers’ compensation loss costs.
Assigned risk rates will also decrease by 3.4% on average.
The newly approved loss costs and assigned risk rates will apply to policies effective on or after January 1, 2027.
The news came with the approval of a filing by the industry’s National Council on Compensation Insurance (NCCI).
Voluntary market loss costs in the state have declined by approximately 68% during the 15 year period. The state approved an average 6.1% redu
ction in voluntary loss costs and a 5.4%. reduction for the assigned risk pool effective January 1, 2026.
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“Fifteen consecutive years of reductions is a significant milestone and reflects the continued strength of New Hampshire’s workers’ compensation market,” said Insurance Commissioner D.J. Bettencourt. “Lower loss
costs help Granite State businesses control expenses, remain competitive, and invest in their employees and operations, while maintaining a system that provides injured workers with the care and support they need.”
Loss costs represent the portion of rates associated with the expected cost of claims for work-related injuries. Insurers incorporate the approved loss costs into their rates along with company-specific expenses
and other factors. As a result, the actual premium for an individual employer may vary based on the insurer, employer characteristics, claims experience, classification, and other rating factors.
The NCCI is a licensed advisory organization and statistical agent that collects workers’ compensation data and prepares loss-cost and rate filings for New Hampshire and many other states.
