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 […]
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. […]
A lot of people talk about jobs. How to create them, how to save them, or how to move them. No matter what side of the “jobs argument” you are on, one thing is certain. There can be no job without a worker to perform that job. That worker is – normally – a human […]
A public hearing this week represented a major battle in the war over a proposed major increase in workers’ compensation insurance premiums, but the fighting is by no means over. The Office of Insurance Regulation will accept public comments on the proposed 19.6 percent hike until close of business Aug. 23. “While there is no […]
Trial attorneys mounted an ardent defense Tuesday of Florida Supreme Court rulings blamed by business interests for threatening an increase in workers’ compensation insurance premiums of nearly 20 percent. Mark Touby, a Coral Gables attorney who helped persuade the justices to eliminate a limit on attorney fees in workers’ compensation cases, insisted during a public […]
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