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Office Statement

Fla. Insurance Commissioner Kevin McCarty Comments Further on Fla. Supreme Court Decision on Attorney Fees in Workers’ Compensation Cases
Friday, October 24, 2008
TALLAHASSEE, Fla. -- "Florida employers have realized a tremendous savings on their workers’ compensation insurance due in no small part to the limitations on attorneys’ fees that were put in place as a result of the 2003 legislative reforms.
 
“Thursday’s decision by the Florida Supreme Court will have the effect of returning the law to what it was prior to the 2003 reforms and might significantly erode the savings that have been so important to Florida employers.
 
“The Florida Legislature will have to intervene to clarify its intent to limit attorneys’ fees in workers’ compensation cases. 
 
“At this juncture, the workers’ compensation rating organization, the National Council on Compensation Insurance, will have to make a new filing in support of any rate impact that they believe will result from the Murray decision.” 
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About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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