Today’s issue of WorkCompRecap features the Florida Office of Insurance Regulation’s announcement that it will conduct a public hearing to discuss the NCCI rate filing which proposes a rate increase for workers’ compensation as a result of three recent legal changes.
The OIR noted that NCCI has proposed an overall average increase in rate levels of 19.6% for the voluntary market for all new, renewal, and current in-force workers’ compensation insurance policies written in Florida, effective October 1, 2016. The meeting is scheduled for Tuesday the 16th at 9am, and the hearing will also be streamed live by The Florida Channel.
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