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Insurance Council counters challenge to big workers’ comp rate hike

August 15, 2016

 

An insurance industry council moved Monday to block a legal challenge to proposed workers’ compensation premium increases of nearly 20 percent, warning that delay would threaten the solvency of Florida’s system for compensating injured workers.

 

The state Office of Insurance Regulation is scheduled to take up the rate hike Tuesday morning in Tallahassee. Delay, the National Council on Compensation Insurance warned, “could cause severe public harm, as workers’ compensation rates are currently not adequate to meet claims.”

 

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