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Appeal allows Florida Comp Rate Hike to move Forward

A controversial 14.5% workers compensation advisory rate increase apparently will go into effect for Florida on Thursday after the Florida Office of Insurance Regulation filed a notice of appeal late Monday.

A Florida Circuit Court judge ruled on Nov. 23 to void the rate increase proposed and approved by the Boca Raton, Florida-based National Council on Compensation Insurance Inc. and the Florida Office of Insurance Regulation. The decision is being appealed to the First District Court of Appeal for the State of Florida in Tallahassee, according to the notice of appeal.

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