The Rates and Forms Committee of the Florida Workers' Compensation Joint Underwriting Association on Tuesday agreed to recommend that the FWCJUA's governing board reduce residual market premiums by 1.7%, effective Jan. 1, 2014.The recommendation follows a call by the National Council on Compensation Insurance to increase rates in the voluntary market by 1% next January. Insurance Commissioner Kevin McCarty is expected to call a public hearing on NCCI's rate filing next month.The committee voted to recommend that the 1.7% decrease be adjusted to reflect the approval of NCCI's fi...
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