Florida employers enjoyed a cut in workers comp rates

December 30, 2025

Workers compensation has been one of the few lines of commercial insurance coverage where buyers haven’t been hit with significant increases over the past seven years, a trend set to continue in some states.

In November, Florida Insurance Commissioner Mike Yaworsky approved a 6.9% rate cut for policies incepting after Jan. 1, 2026. That followed a 1% decrease the state approved last year.

The story about the approval of the 2026 decrease was the second-most-read workers comp-related story on Business Insurance’s website this year.

he decision followed a September recommendation for the cut by the National Council on Compensation Insurance, a data and rating organization.

According to the NCCI, the rate reduction was warranted because of continued decreases in claims frequency in the state from 2022 to 2024.

The NCCI noted that medical and indemnity claim severity increased in 2024, and although some of that was attributable to inflation, the primary driver was injured workers’ increased use of medical services.