There will be a public hearing in Tallahassee on Oct. 6 for the insurance industry’s proposed 6.8 percent workers’ compensation rate decrease for Florida employers.
The National Council on Compensation Insurance (NCCI) made the rate recommendation on Aug. 21. The NCCI is requesting an overall average rate decrease of 6.8 percent statewide for the voluntary market for all new and renewal workers’ compensation insurance policies written, effective Jan. 1, 2010.
The reduction would produce a savings of more than $166 million for Florida employers.
Source: Florida Office of Insurance Regulation
Topics Florida Workers' Compensation Talent
Was this article valuable?
Here are more articles you may enjoy.
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
