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Rate Decrease Triggers Skepticism From Claimants' Attorneys

By J. Todd Foster (Reporter)

Thursday, November 2, 2017 | 322 | 0 | 0 min read

Florida Insurance Commissioner David Altmaier late Tuesday ordered further reduction in a nearly double-digit rate decrease recommended by the National Council on Compensation Insurance, finding the rate-maker had built-in a profit factor that was 0.15% too high. David Altmaier The commissioner's order for an even bigger rate cut renewed charges by claimants' attorneys that last year's 14.5% rate hike was unnecessary, as well as calls by free-market advocates to abandon the state's administrative pricing system and allow carriers...

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