NCCI recommends decrease to Florida Workers Compensation Rates

The National Council on Compensation Insurance (NCCI) delivered its 2017 workers compensation insurance rate filing to the Florida Office of Insurance Regulation (OIR). Using the most recent pre-Castellanos/Westphal experience data available, NCCI has recommended an overall premium level decrease of 9.6%, effective January 1, 2018. The proposed reduction represents a continued improvement in claim frequency, more than an 8% decrease in Florida over the last two years, and is the primary driver of the decrease filed with the OIR. In addition to the improvements in loss experience, the filing includes a 1.9% decrease in expense provisions, including a proposed decrease to the Profit & Contingency provision from 2.75% to 2.0%. Florida is a “full rate” jurisdiction which means that the filing includes all components within the rate charged to the policyholder (i.e. general expenses, taxes, profit and contingency, commissions, etc.).

Click here to read more:

Upcoming Training
Recent Posts
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


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


"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