Florida insurance regulators eye another workers’ comp rate cut
The Florida Office of Insurance Regulation will hold a hearing Sept. 23 on a proposal that would lead to an average 8.4 percent decrease in workers’ compensation insurance rates next year.
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The National Council on Compensation Insurance, which makes annual rate filings for workers’ compensation insurers, submitted the proposal Aug. 24.
If approved, it would continue a series of workers’ compensation rate cuts in recent years. Regulators last year approved an average 4.9 percent decrease for 2022.
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