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…
By: Katrina Callaway, FIC General Counsel During the Cabinet meeting on July 25, 2019, the Florida Cabinet, sitting as the Financial Services Commission (FSC), approved the OIR to publish changes to the rule on workers’ comp applications, primarily dealing with the sworn statement and notarization provisions in the rule. (Rule 69O-189.003) In February, the OIR…
July 8, 2019 The 2018 legislative session saw the passage of SB 376, expanding PTSD coverage for first responders, and the new law went into effect on 10/1/2018. As a result of the passage of SB 376, the Department adopted Rule 69L-3.009, F.A.C., Injuries Qualifying as Grievous Bodily Harm of a Nature that Shocks the…
By: Katrina Callaway, FIC General Counsel A rule proposed by the Division of Workers’ Compensation (Division) to implement last year’s legislation authorizing first responders to receive workers’ compensation benefits for PTSD without a physical injury was ratified after HB HB 983 was signed by the Governor. The rule takes effect on June 25, 2019, the…
The Florida Department of Financial Services, Division of Workers’ Compensation (DWC) issued an Informational Bulletin (DFS-02-2019). The Bulletin advises insurers, self-insurers, and other related stakeholders that Florida’s Chief Financial Officer has issued an Order (Case No. 245810-WC) setting the WCATF assessment rate for Calendar Year 2020. This rate has been reduced from the 2019 rate…