Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel SB 540, dealing with FIGA and FWCIGA, unanimously passed its first Senate committee on November 12, 2019 and has two committees left. The bill was not amended. It is supported by FIGA and FWCIGA and is substantially similar to a bill that passed the House last year, but not…
By: Katrina Callaway, FIC General Counsel A bill (HB 329) primarily clarifying how FIGA and FWCIGA levy assessments against insurers passed its first House committee on November 6, 2019. The bill was not amended. The bill is supported by the guaranty associations and is substantially similar to a bill that passed the House last year,…
October 18, 2019 To: All Self-Insurers, Insurers, Claim Administrators, and Medical Service ProvidersFrom: Florida Division of Workers’ Compensation Subject: Notice of Three-Member Panel Meeting The Florida Department of Financial Services, Division of Workers’ Compensation announces a public meeting of the Three-Member Panel that will be held on Wednesday, October 30, 2019, beginning at 2:00 p.m.…
By: Katrina Callaway, FIC General Counsel On October 4, 2019, the Office of Insurance Regulation (OIR) held a rate hearing on NCCI’s proposed 5.4% rate decrease for workers’ compensation effective January 1, 2020. The OIR will now further review the rate filing and public testimony on it and issue a decision at a later date.…
MEDIA ADVISORY FOR IMMEDIATE RELEASE: October 1, 2019 Contact Information: Karen Kees, (850) 413-2515, press@floir.com National Council on Compensation Insurance (NCCI) Public Rate Hearing WHO: National Council on Compensation Insurance (NCCI) WHAT: The Florida Office of Insurance Regulation (OIR) will conduct a public hearing to discuss NCCI’s proposed overall statewide average workers’ compensation premium decrease…
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…