State High Court Rulings to squeeze Workers Comp System
- Business Insurance
- Aug 4, 2016
- 1 min read
Updated: Oct 11, 2022
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.
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