The National Council on Compensation Insurance (NCCI) has proposed a n increase of 8.9% to workers compensation rates for 2012 in Florida. This rate filing was made with the Florida Office of Insurance Regulation. Following several years of declining claims frequency. 2009 saw a spike in claims primarily due to the...
Florida is one of the states that allow Consent to Rate with Workers Compensation policies. A “Consent to Rate” is where the insured signs off on allowing the insurance company to charge a higher rate. Why would anyone agree to be charged a higher rate? There are reasons that may make...
Effective January 1, 2011 Florida workers compensation premiums will go up by 7.8%. NCCI had requested an 8.3% increase. Workers compensation premiums have been declining since 2003, when the state enacted insurance reforms. After this increase Florida will still have the lowest workers compensation rates in the southeast and is one of the top 10 states with...
