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NCCI vows to Fight Lawsuit over Florida Workers Comp Rate Hike

The head of the National Council on Compensation Insurance Inc. said the organization is looking forward to defending against a lawsuit accusing it and Florida insurance regulators of developing a controversial rate hike for workers comp coverage in secret.

In November, a Florida Circuit Court judge voided a 14.5% rate hike after finding that NCCI and the Florida Office of Insurance Regulation did not follow open meetings laws when they came up with the controversial rate hike. However, the increase took effect on Dec. 1 after the judge’s order was appealed to the 1st District Court of Appeal for the State of Florida in Tallahassee and a 10-day stay was granted — further developments could occur as early as Monday.

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