Florida Approves NCCI’s Revised Filing for 0.7% Workers’ Comp Rate Increase

Florida’s Office of Insurance Regulation recently issued a final order approving the rate increase of 0.7 percent for workers’ compensation rates in Florida.

The approval was issued after the National Council on Compensation Insurance (NCCI) resubmitted a corrected rate filing following a disapproval of the original rate filing request seeking a 1 percent rate increase.

The final order was signed on Oct. 30, 2013 and the rates become effective on Jan. 1, 2014.

Source: Florida Office of Insurance Regulation