10/18/17 Office of Insurance Regulation Rate Hearing for National Council on Compensation Insurance (NCCI)

National Council on Compensation Insurance (NCCI) proposes an overall average decrease in rate levels of 9.3% for the voluntary market for all new and renewal workers’ compensation insurance policies written in the State of Florida, effective January 1, 2018. The filing also requests a decrease to the fixed expense cost applicable to every workers’ compensation policy in Florida from $200 to $160 which – when combined with the rate level decrease – results in an overall average workers’ compensation premium decrease of 9.6%.