The Florida Office of Insurance Regulation has approved an overall decrease of 5.2 percent in workers’ compensation insurance rates in Florida, the first decrease in four years.
As expected, The National Council on Compensation Insurance (NCCI), which represents about 250 insurers, submitted a new rate filing at the direction of the OIR, following OIR’s disapproval of NCCI’s rate filing request for an average 3.3 percent decrease.
Insurance Commissioner Kevin McCarty signed the final order making the new rates effective January 1, 2015 for both new and renewal policies.
Topics Florida Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Insurtech Lemonade Posts $43.7M Loss for Q3 
Nvidia-Backed Fireworks AI Notifies Customers of Its Second Hack in Weeks 
Delta Air Lines Must Face Lawsuit Over ‘Window Seats’ With No Windows 
Archdiocese of NY Finalizes $800M Fund for Sex Abuse Survivors; Avoids Bankruptcy From This Issue
