State High Court Rulings to squeeze Workers Comp System
The National Council on Compensation Insurance Inc. estimates that an increase in unfunded liabilities for FLorida workers' compensation is expected to exceed $1 billion, resulting from three state Supreme Court rulings.
Insurance companies, individual self-insured employers, and employers with deductible policies are expected to saddle the $1 billion debt.
That increase is in addition to the almost 20% rate increase proposed earlier this year, an NCCI news release said.