Florida’s Office of Insurance Regulation recently issued a final order approving the rate increase of 0.7 percent for workers’ compensation rates in Florida.
The approval was issued after the National Council on Compensation Insurance (NCCI) resubmitted a corrected rate filing following a disapproval of the original rate filing request seeking a 1 percent rate increase.
The final order was signed on Oct. 30, 2013 and the rates become effective on Jan. 1, 2014.
Source: Florida Office of Insurance Regulation
Was this article valuable?
Here are more articles you may enjoy.
World’s Growing Civil Unrest Has an Insurance Sting 
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal 
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
