Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings

The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings undoing reforms passed in 2003 and rocking the state’s workers’ compensation system.

In the Sept. 27 order, OIR disapproved the National Council on Compensation Insurance’s (NCCI) filing for a 19.6 percent increase, on behalf of insurers, saying that much of an increase on new, renewal and outstanding policies was not justified.

Click here to read more:

Upcoming Training
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

  Work Comp Associates, Inc. 

Florida's Premier Source for Workers Compensation Coverage & Information

CONTACT US

1-844-922-2329 - (Toll Free Fax)

NEED HELP?

"It's not hard to make decisions once you know what your values are." 

 

Roy E. Disney

© 2021 by Work Comp Associates, Inc. All rights reserved.

  • s-facebook
  • s-linkedin