Florida workers’ compensation rates News

Florida Issues Final Order for NCCI to Decrease Workers’ Comp Rates by 4.7%

The Florida Office of Insurance Regulation (OIR) has approved an overall decrease of 4.7 percent in workers’ compensation insurance rates in Florida. Following the disapproval of its original rate filing request, the National Council on Compensation Insurance (NCCI) submitted additional …

NCCI Requests Review of Disapproved Florida Rate Filing

The National Council on Compensation Insurance (NCCI) has submitted a request to the Florida Office of Insurance Regulation (OIR) to consider supplemental information in regards to its recent workers compensation rate filing that Florida Insurance Commissioner Kevin McCarty said would …

McCarty Orders NCCI to Further Lower Florida’s Workers’ Comp Rates

Florida Insurance Commissioner Kevin M. McCarty has ordered the National Council on Compensation Insurance (NCCI) to lower workers’ compensation rates for Florida employers by 5.1 percent. The Order signed Nov. 3 is a disapproval of the proposed 1.9 percent decrease …

NCCI Proposes Decrease to Florida Workers’ Comp Rates

The Florida Office of Insurance Regulation said today that it has received the 2016 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 2.2 percent. This includes a …

Florida Workers’ Compensation Insurers Seek Bigger Rate Cut

Florida’s workers’ compensation insurers, already on record recommending an average 2.5 percent cut in rates, now say that a 3.3 percent cut is justified. The modification in the industry’s rate filing by the National Council on Compensation Insurance (NCCI) rating …

Florida Regulators Disapprove NCCI’s 1% WC Rate Increase Proposal

Florida Insurance Commissioner Kevin McCarty today issued an order notifying the National Council on Compensation Insurance (NCCI) that its 1-percent proposed annual rate filing increase in Florida’s workers’ compensation insurance rates has been disapproved. The Florida Office of Insurance Regulation …

Insurers Seek 1% Increase in Florida Workers’ Comp Rates

Florida’s employers can look forward to little, if any, change in their 2014 workers’ compensation rates as the state’s industry-backed rating agency has filed for a modest statewide average 1 percent rate increase. The industry’s National Council on Compensation Insurance …

Florida OKs 6.1% Workers’ Compensation Rate Hike

Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation insurance rates in Florida. The decision was based the National Council on Compensation Insurance rate filing and …

As Florida Weighs 6.1% Workers’ Comp Hike, Legislators Urged to Act

A proposed statewide average 6.1 percent increase in Florida’s workers’ compensation rates could spur the first major legislative changes in the state’s system since 2003. The likely targets of reforms include physician-repackaged drugs and hospital costs, which the industry says …

Insurers Seek 6.1% Increase in Florida Workers’ Compensation Rates

Florida employers may see their workers’ compensation rates increase as the National Council on Compensation Insurance announced it is seeking a statewide average 6.1 percent rate hike on behalf of insurers. If approved, the NCCI filing would mark the third …