The Florida Office of Insurance Regulation on Friday announced a final order approving a 4.9% workers’ compensation rate decrease recommended by the National Council on Compensation Insurance.
NCCI said in its annual filing that the 2022 rate is based on favorable experience from policy years 2018 and 2019, including decreasing claim frequency.
“Safer workplaces, innovative techniques and improved risk management practices have resulted in the continued decline in workers' compensation claims, ultimately benefitting Florida businesses,” Insurance Commissioner D...
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