Tallahassee, FL – The Florida Office of Insurance Regulation recently announced that it has filed a Notice of Appeal (PDF) with the First District Court of Appeal in the Fee v. National Council on Compensation Insurance (NCCI)/Office court case.
The action comes in response to a court order (PDF) issued on November 23, 2016, which invalidated the 14.5% overall combined statewide average rate increase approved by the Office on October 5, 2016. Based on the Office filing its Notice of Appeal, the order is stayed pursuant to Rule 9.310(b)(2), Florida Rules of Appellate Procedure. The increase is scheduled to take effect on December 1, 2016 and apply to both new and renewal workers’ compensation insurance policies in Florida.
For more information about the NCCI public hearing and rate filing, visit the Office’s “NCCI Public Rate Hearing” webpage.
To view or download a copy of the NCCI rate filing, access the I-File Forms & Rates Filing Search System and enter File Log #16-12500 into the “Quick Search” function. NCCI is a licensed rating organization authorized to make rate filings on behalf of workers’ compensation insurance companies in Florida.
Source: FL OIR