Florida Insurance Commissioner Kevin McCarty has scheduled a public hearing for Oct. 1 on a call by the National Council on Compensation Insurance to increase rates in the voluntary workers' compensation market by 1%, effective on Jan. 1, 2014.NCCI said in the rate filing last month that, if approved, rates will have decreased by 55.9% since a series of workers' compensation reforms took effect on Oct. 1, 2003.NCCI said the increase in claims frequency in the Florida workers' compensation system slowed in 2011, while loss experience has stabilized in recent years.If the filing is a...
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