The National Council on Compensation Insurance (NCCI) said late Monday it has amended its Jan. 1 Florida rate filing to reflect an average reduction of 18.4% in the voluntary market. The amendment was ordered by Florida Insurance Commissioner Kevin McCarty, who challenged NCCI's conclusions covering cost trends and said the rate maker should have assumed a loss of 0.8% for underwriting and contingencies. NCCI had recommended a rate reduction of 16.5% and underwriting and contingency adjustments of 0.The new filing brings total rate reductions to 51.4% since lawmaker's voted in sweepin...
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