FIC: Workers’ Comp 5.4% Rate Decrease Proposed
By: Katrina Callaway, FIC General Counsel On August 27, 2019, the National Council on Compensation Insurance (NCCI) filed for a 5.4% rate decrease for Florida effective January 1, 2020 due, in part, to declining claim frequency and flattening claim severity. This is the third consecutive year with a rate decrease. The OIR approved a rate…