Florida to See Slight Rate Increases for 2002

According to the Miami Herald, Florida will be spared any radical increases in workers' compensation premiums this coming year, rebuking a trend in the rest of the nation. Workers' compensation insurers in Florida submit proposed rate increases to the state's insurance commissioner, who has the final word on premium pricing and potential rate hikes. Florida's insurer of last resort, the Florida Workers Compensation Joint Underwriting Association, which allows employers who cannot find workers' compensation coverage elsewhere to buy it from this pool, has filed for a rate hike, as ha...