April 29, 2024
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Regulators eye workers' comp rate cut
News Service of Florida | 9/14/2022
The Florida Office of Insurance Regulation will hold a hearing Sept. 23 on a proposal that would lead to an average 8.4 percent decrease in workers’ compensation insurance rates next year.
The National Council on Compensation Insurance, which makes annual rate filings for workers’ compensation insurers, submitted the proposal Aug. 24.
If approved, it would continue a series of workers’ compensation rate cuts in recent years. Regulators last year approved an average 4.9 percent decrease for 2022.
