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.
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs From This Issue
