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Staff ReportsSeptember 7, 2018

Increasing the federal minimum wage likely wouldn’t much affect the premiums employers pay for workers’ compensation insurance, according to an analysis by the organization that proposes rates for Florida and other states. “A minimum wage change would increase wages and wage-replacement benefits for injured minimum-wage workers,” the analysis by the National Council on Compensation Insurance, or […]

Michael MolineAugust 28, 2018

The ratings agency that recommends workers’ compensation insurance premium levels in Florida on Monday recommended a 13.4 percent reduction, to take effect Jan. 1. A summary released by the National Council on Compensation Insurance, or NCCI, cites “continued significant improvement in loss experience.” “This is consistent with prior experience filings in Florida and in line […]

Staff ReportsAugust 14, 2018

One area is bucking the long-term decline in workers’ compensation claims nationally, according to a study by an industry data clearinghouse and rate-setting agent: Motor vehicle accidents. These increased by 5 percent between 2011 and 2016, amid a 17.6 percent decline in all claims. The blame likely lies with use of smartphones and other distractions […]

Michael MolineAugust 1, 2018

A new law extending mental health treatment to firefighters, police officers, and other first responders with PTSD ranked Florida among the bellwether states in a survey of trends published by a national workers’ compensation ratings agency. The Regulatory and Legislative Trends Report, compiled by the National Council on Compensation Insurance, or NCCI, cites SB 376, […]

Michael MolineJuly 16, 2018

An insurance industry analysis projects medical inflation of more than 2 percent through the end of 2019, chiefly because of improved treatment quantity driven by hospital consolidation. What that means for Florida’s workers’ compensation system remains unclear, according to a briefing paper, “The Impact of Hospital Consolidation on Medical Costs,” published by the National Council […]

Staff ReportsMay 1, 2018

Florida employers will see another workers’ compensation insurance rate decrease on June 1. The Office of Insurance Regulation approved a 1.8 percent decrease Tuesday. The move had been sought by the National Council on Compensation Insurance, which proposes workers’ compensation rates in the state. NCCI lowered insurers’ profit and contingency factor — essentially, their cut […]

Michael MolineApril 24, 2018

Daytona Aircraft Services had a beef with its workers’ compensation carrier — it believed the insurer had misclassified its operations, and that the mistake was costing $18,000 per year in inflated premiums. The company presented its case Tuesday before the Florida Workers’ Compensation Appeals Board, an independent forum overseen by the state Office of Insurance […]

Staff ReportsNovember 10, 2017

The cost to buy worker’s compensation insurance is going down in the Sunshine State. Florida Insurance Commissioner David Altmaier on Thursday issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall rate level decrease of 9.5 percent and premium level decrease of 9.8 percent, according to a press release. […]

Michael MolineOctober 18, 2017

Regulators pressed representatives of a workers’ compensation insurance rating service Wednesday about whether two Florida Supreme Court rulings had in fact increased the cost of administering claims, as many had feared. The answer: Still too soon to say. Nor is it clear that carriers adjusted their reserves or other practices in response to the rulings […]

Michael MolineMay 9, 2017

A state appeals court has upheld a 14.5 percent increase in workers’ compensation insurance premiums, rejecting legal arguments that it was approved in violation of Florida’s open-government laws. “This argument ignores the plain language of the statute and the ordinary meaning of the terms within it,” a three-judge panel of the 1st District Court of […]

Tag: National Council on Compensation Insurance

NCCI sees minimal blowback from minimum wage hike

NCCI recommends significant drop in workers’ compensation premiums

Are smartphones boosting workers’ compensation claims?

Florida ranks high in workers’ comp legislation, survey shows

Study projects rising medical inflation through next year

Workers’ comp premiums going down again

Workers’ compensation appeals board parses risk for thousands of companies

Workers’ comp costs going down

Too soon to know? Regulators weigh worker’s comp rates

State appeals court upholds 14.5 percent workers’ comp premium increase