Regulators pressed representatives of a workers’ compensation insurance rating service Wednesday about whether two Florida Supreme Court rulings had in fact increased the cost of administering claims, as many had feared.
The answer: Still too soon to say.
Nor is it clear that carriers adjusted their reserves or other practices in response to the rulings to any degree of
“At this point, the data is too immature,” said Jay Rosen, senior actuary for the National Council on Compensation Insurance, which proposed rates for around 240 Florida carriers.
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