Commissioner Again Successful in Demand for Bigger Rate Decrease

For the fourth time in five years, the Florida insurance commissioner has demanded a better deal on workers' compensation rates from its rating organization. And the National Council on Compensation Insurance has once again complied, expanding its 2021 average rate decrease recommendation from 5.7% to 6.6%. “It is a little bit of a pattern that our recommendations tend to get slightly cut back in Florida,” said Jeff Eddinger, senior division executive at NCCI, the ratemaking organization for 37 states. The Florida Office of Insurance Regulation “makes their de...