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Media Advisory

NCCI Work Comp Rate Hearing Tuesday
Monday, December 15, 2008
Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

Who:
National Council on Compensation Insurance (NCCI)
What:

Public rate hearing for the National Council on Compensation Insurance (NCCI) to consider the workers’ compensation rate filing it made Nov. 14.

The rate filing was made as a result of the projected impact the NCCI foresees based on the Oct. 23 Florida Supreme Court opinion in the case of Emma Murray v. Mariner Health Inc.                      

The Court’s decision essentially eliminates the statutory caps on attorney fees that were imposed as a result of the 2003 reforms under SB 50A and will enable claimant attorneys to bill for their services on an hourly basis.
 
In its filing, the NCCI is requesting an increase in rate levels of 18.6 percent over two years – 8.9 percent for the first year – for the voluntary market for all new and renewal workers’ compensation insurance policies written in the state of Florida, effective March 1, 2009.
When:
Tuesday, December 16, 2008 9:00 AM
Where:

The Capitol             
Cabinet Meeting Room
Tallahassee, FL 

Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

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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