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 organization is the result of lower than expected hospital charges that could save insurers about 0.8 percent or $26 million.

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