The National Council on Compensation Insurance (NCCI) proposes an overall average statewide rate increase of 19.6% for workers’ compensation insurance. NCCI submitted the rate filing as a result of three recent legal changes that affect Florida’s workers’ compensation system. Individual projected rate impacts for all three recent legal changes include the following:

NCCI proposes an effective date of October 1, 2016, for new and renewal workers’ compensation policies and that the 19.6% rate increase apply to all workers’ compensation policies in effect as of October 1, 2016, on a pro-rata basis for the remainder of each policy’s term.

Watch Part 1


Tags:
David Altmaier life insurance NCCI - National Council on Compensation Insurance OIR – Office of Insurance Regulation rate hike/rate increase Workers' Compensation