Florida Insurance Regulators approve 14.5 percent Hike in Workers' Comp Rates

Florida insurance regulators on Tuesday tentatively approved a 14.5 percent increase in workers' compensation insurance rates. Industry representatives had sought a 19.6 percent hike.

​The National Council on Compensation Insurance, an industry group authorized to make rate filings on behalf of workers' comp insurers, hinged much of its rate request on the impact of a Florida Supreme Court decision in April that declared a mandatory cap on attorneys' fees for such cases was unconstitutional.

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