Tallahassee, FL – Florida Insurance Commissioner David Altmaier recently issued an Order notifying the National Council on Compensation Insurance (NCCI) that its 2019 rate filing proposing a 13.4 percent decrease, if amended by November 7, 2018, will be approved as a slightly larger workers’ compensation rate decrease of 13.8 percent.
Approval of a revised rate decrease is contingent on the amended filing being submitted with changes as stipulated within the Order.
NCCI is a licensed rating organization authorized to make rate filings on behalf of workers’ compensation insurance companies in Florida. For more information about the filing, read the NCCI 2019 Filing Summary.
If approved by OIR, the revised rate decrease would become effective on January 1, 2019, for new and renewal business.