New Hampshire
New Hampshire Approves 5.6% Workers' Compensation Loss Cost Decrease for 2025
The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average.
The new lower rates will apply to voluntary market policies effective on or after January 1, 2025.
The market has now experienced loss cost decreases for 13 consecutive years, with a cumulative reduction exceeding 65% over this period. The state’s voluntary loss costs went down 14% on average in 2024, down 7% in 2023, and for 2022, they were down 8%.
Loss costs are the portion of an employer’s insurance premium dedicated to covering claims costs. Insurers are required to use the new loss costs and are then permitted to adjust it for their own company expenses.
The rate proposal for 2025 was filed on July 31 by the National Council on Compensation Insurance (NCCI), the advisory agent that prepares workers’ compensation rate filings for New Hampshire and many other states.
The filing is based on premium and loss experience as of year-end 2023 from policy years 2020, 2021, and 2022 and shows improved experienced relative to the data underlying the filing effective January 1, 2024. According to NCCI, all three years showed similarly favorable experience. The state’s lost-time claim frequency has continued to decline. Indemnity and medical severity both increased slightly after steep declines during the COVID-19 pandemic but despite the slight increase in severity, loss ratios continue to decrease.
“We’re seeing real benefits for businesses and workers alike as the cost of workers’ compensation continues to drop,” said New Hampshire Insurance Commissioner DJ Bettencourt. “The workers’ compensation market in New Hampshire remains robust, offering business owners a wide array of options when selecting coverage.”
The workers’ compensation market across the country remains healthy, according to NCCI. The industry’s calendar year 2023 combined ratio was 86%, a sign of underwriting profitability, and net written premium increased by 1%.
NCCI data shows that injured worker claims frequency has continued to decline on a countrywide basis, while claim severity changes were moderate for 2023.
NCCI credits a continued focus on worker safety and technological advancements as contributing to fewer workplace injuries over time.
While payroll increased by 6% between 2022 and 2023, workers’ compensation system costs have increased at a slower pace than wages during the same period. Also, while economic inflation has been elevated over the past few years, this has not generally translated to higher workers’ compensation medical and indemnity benefit costs, according to NCCI.
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A woman has been arrested in connection with the death of her baby whose body was found in a pond in Manchester, New Hampshire last year. Hepay Juma, 26, of Manchester, is now charged with reckless second-degree murder.
The New Hampshire Attorney General said Juma was arrested for “causing the death of Baby Jane “Grace” Doe, her child, under circumstances manifesting an extreme indifference to the value of human life.”
On March 27, 2025, the baby’s body was found floating in the water at Pine Island Park in Manchester. The baby’s death was treated as suspicious following an autopsy.
Investigators have not released any information about how they made the arrest or how the baby died.
At the time, Manchester Police Chief Peter Marr said the baby’s death was “extremely tragic.”
Police asked the public for help after the baby’s body was discovered. They wanted to know if anyone saw someone discarding anything in the water in the previous 14 days, or if anyone knew a pregnant woman who gave birth during that time who needed medical help.
A funeral was held for baby Grace Doe last May, and the public was invited to pay their respects. “The way she was discarded is heartbreaking, and it is important that we give her a proper farewell,” Chief Marr said last year.
The baby was named Grace by police “to celebrate the kindness extended to her by those who refuse to let her life go unrecognized.”
Juma is scheduled to be arraigned on Friday in Manchester District Court.
A man was found dead after an early morning house fire in Windsor, New Hampshire, on Thursday.
The Hillsboro Fire Department was called to the home on Stone Circle by a neighbor just before 4 a.m., according to the State Fire Marshal’s Office. When crews arrived they found a single-family home nearly burned to the ground, and began searching for one person believed inside.
One person, an adult man, was found dead. He has not been publicly identified at this time.
The cause of the fire remains under investigation, though investigators do not think it is suspicious. Fire officials believe the fire had been burning for some time before first responders arrived.
Firefighters from Henniker, Deering, Antrim, and Washington assisted with the call.
A report from Visual Capitalist indicates households typically need to be in the top 10 percent of earners to be labeled “rich.” The specific income required to reach this status varies significantly by location.
In New Hampshire, households must earn $302,500 per year to meet the criteria for being considered rich. This figure compares to $229,000 in Maine and $294,600 in Vermont. In the Bay State, the figure is $386,800. These regional differences highlight how the definition of wealth can shift even within the same geographic area.
Nationally, a household needed to earn approximately $210,000 annually to be considered wealthy in 2024, according to a separate report by Visa Business and Economic Insights. This national definition also includes a net worth of about $1.8 million. Based on this definition, about 12.2 million U.S. households met the criteria for being “rich” last year.
The Visual Capitalist report found that annual household income thresholds range from approximately $198,000 in West Virginia to more than $630,000 in Washington, D.C. States located in the Northeast and along the West Coast generally require higher incomes to achieve wealthy status. Conversely, many Southern and rural states have lower thresholds.
Income alone does not fully represent the economic picture. High living costs in expensive metropolitan areas can erode purchasing power, meaning that six-figure salaries may no longer provide the same financial comfort they once did. However, some remote workers who moved to more affordable regions during the pandemic may find their earnings extend further.
Other research also points to a widening income gap. A recent Oxfam study found that over the past 35 years, the wealthiest 1 percent of Americans accumulated nearly 1,000 times more wealth than the poorest 20 percent.
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