The Florida Office of Insurance Regulation said it 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 Talent Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Florida Men Charged With Creating Sham Insurance Now Face Federal Indictment 
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says 
Pennsylvania Public Adjuster Law Adds Cap on Fees, Bans Ties With Contractors 
Private Jet’s Pilot Reported Turbulence Before Florida Crash 
