The Florida Office of Insurance Regulation said Monday it has approved a 6.9 percent decrease in overall workers’ compensation insurance rates for 2026.
The decrease matches a request by the National Council on Compensation Insurance, or NCCI, which makes annual rate filings for the industry.
The approval also continued a series of years in which overall workers’ compensation rates have decreased.
Regulators last year approved an overall 1 percent decrease.
“This rate decrease directly translates to reduced operating costs for businesses, encouraging investment and growth throughout Florida’s economy,” Insurance Commissioner Michael Yaworsky said in Monday’s announcement.
“This also marks the ninth consecutive year of rate decreases for workers’ compensation policies — more evidence of Florida’s success in managing risk and maintaining a competitive insurance environment.”