Florida Workers Compensation a Dividing Issue
The fallout from the Florida workers’ compensation rate hike is only just beginning and the posturing early on from stakeholders will help shape the collective response. Already, a lawyer has directed criticism at a national data analyst, who has in turn directly contradicted that lawyer to Insurance Business. The Florida Supreme Court placed limits on attorney fees in workers’ compensation cases and changed how long term disability rates were calculated. The rulings prompted the National Council on Compensation Insurance (NCCI) to readjust the compensation rate and, following an unsuccessful court challenge, a 14.5% hike was approved. Business groups complain the cost of employment is too high, citing workers’ compensation as a major component, while labor organizations say employees aren’t being made whole for their injuries and they’re not returning to work.