An overall 4.5 percent decrease for workers’ compensation in Florida in five major industrial classifications has been requested by the National Council on Compensation Insurance Inc. of Boca Raton, Fla.
This is the third time since major reform legislation was passed in 2003 that NCCI has filed to decrease rates. The filing is under review by the Florida Office of Insurance Regulation in Tallahassee, and if approved, will take effect Jan. 1.
The latest cuts would bring rates in manufacturing down 1.3 percent, in contracting down 2 percent, in office and clerical down 5.5 percent, in goods and services down 5.2 percent and in all other industrial classes down 8.5 percent.
Topics Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster? 
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions From This Issue
