Florida, Alabama Hold Hearings on NCCI Workers’ Comp Rate Decreases

October 20, 2025

The National Council on Compensation Insurance is again recommending a reduction in workers’ compensation rates in Florida and Alabama, and regulators in both states have scheduled public hearings about the proposed changes.

In Alabama, the NCCI recently called for a 4.5% average reduction in loss costs, effective March 1, 2026. That follows a 6.1% decrease for 2025, approved late last year. The NCCI also is recommending a 3.6% decrease in the assigned risk rate level in Alabama for next year, the Alabama Department of Insurance said in a bulletin.

To contemplate the falling rates, Alabama Department of Insurance will hold a hearing on Thursday, Dec. 4, at 2 p.m. Central time, at the DOI offices on Monroe Street in Montgomery. NCCI representatives will attend remotely, through an online computer link. Other prospective attendees should notify the department of their attendance by 5 p.m. on Nov. 28, via email to john.mcdonald@insurance.alabama.gov.

Written comments should be sent by that deadline to Alabama Department of Insurance, Legal Division, Post Office Box 303351, Montgomery, AL 30130-3351.

In Florida, NCCI has proposed a 6.9% decrease in rates for the voluntary market, effective Jan. 1. If approved by Florida’s Office of Insurance Regulation, the decrease would mark the ninth straight year for workers’ comp rate reductions in the Sunshine State. Regulators approved a 1% average decrease for 2025 – the smallest cut in years. That followed decreases of 15.1% in 2024 and 8.4 % in 2023. Since 2003, when Florida lawmakers made historic changes to the state’s workers’ compensation system, overall rates have fallen by a cumulative 85%.

The Florida public hearing will be Tuesday, Oct. 21, at 10 a.m., the OIR said in a bulletin. Participants can register here to participate online or can tune in by telephone by calling 877-309-2074; the access code is 806-883-902. Public comment may be submitted at the rate hearing or emailed to ratehearings@floir.com with the subject line “NCCI.”