Florida Approves 13.8% Workers' Comp Rate Decrease
A revised workers compensation rate filing for a 13.8 percent decrease by the National Council on Compensation Insurance has been approved by Florida Insurance Commissioner David Altmaier.
The amended filing to NCCI’s August rate request of 13. 4 percent was submitted on Nov. 7 per an order from OIR. The extra .4 percent decrease is attributed in part to a difference in insurers’ profit and contingencies provision, the Florida Office of Insurance Regulation noted in the Nov. 2 order.