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
Was this article valuable?
Here are more articles you may enjoy.
How Insurers Know When It’s Time to Scale AI 
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
More Americans Are Moving Away From Flood Risk Than Toward It 
