NCCI's Amended Filing Would Increase Rates 14.5%

The National Council on Compensation Insurance has proposed a 14.5% rate increase in Florida, amending its filing exactly one week after the state's insurance commissioner rejected the previous proposal for a 19.6% rate hike. Business and insurance groups decried the increase, which they say would pad the pocketbooks of claimants' attorneys. An American Insurance Association executive called for the reversal of two Florida Supreme Court decisions that drove the increase — in particular, Castellanos v. Next Door Co., which found the state's attorney fee formula unco...