Commissioner's Continued Rejection of NCCI Rate Filings Raises Eyebrows

For the third time in four years, Florida's insurance commissioner has rejected a National Council on Compensation Insurance rate filing, seeking a better deal for employers. Commissioner David Altmaier is requesting that the NCCI meet his demand for a 7.5% average decrease in workers' compensation rates for next year instead of the NCCI's 5.4% decrease filed last month. The move has caught the attention of ratemakers around the country, and some have questioned the wisdom of a state official second-guessing actuaries who have spent months crunching the numbers. &ld...