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January 1, 2019

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Florida businesses to see a drop in workers' comp rates

 

Florida businesses to see a drop in workers' compensation rates - Tampa Bay Business Journal

 

Florida businesses will get a break on their insurance bills starting in January.

The state Office of Insurance Regulation announced late Friday that it has decided to approve an overall 13.8 percent decrease in workers’ compensation insurance rates for 2019. That is a slightly larger cut than a 13.4 percent decrease proposed in August by the National Council on Compensation Insurance, an organization that makes rate proposals for the insurance industry.

 

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