Double-figure workers’ comp premium cut planned in FL

The National Council on Compensation Insurance (NCCI) has proposed an average 13.4% rate reduction in workers’ compensation insurance in Florida for 2019.

The rates await approval by the Florida Office of Insurance Regulation; if given the green light, the reduction would follow a 9.5% decrease that took effect this year.

“Consistent improvement in loss experience is the primary driver underlying the filing,” the NCCI said.

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