House Panel Revising Bill That Would Cut Comp Costs by Nearly $200 Million a Year

The Florida House Commerce Committee today will hear a workers’ compensation reform bill that is projected to cut costs by at least 5%, or $182 million a year. House Bill 7085 was undergoing amendments late Wednesday to make the measure more amenable to the business community, according to representatives for the Florida Chamber of Commerce, the National Federation of Independent Business and the American Insurance Association. The National Council on Compensation Insurance estimates that the legislation would result in a “significant decrease” in overall work...