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Florida Insurance Council - Covering Florida Since 1962
FOR IMMEDIATE RELEASE: August 29, 2019Contact Info: Karen Kees, (850) 413-2515, Press@floir.com OIR Receives Annual Workers’ Compensation Rate Filing TALLAHASSEE, Fla. – The Office of Insurance Regulation (OIR) has received the 2020 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 5.4%. The…
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…