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Press Release

Office Issues Final Order Approving a 14.5% Increase to Workers' Compensation Insurance Rates in Florida
Thursday, October 6, 2016
Contact Info:

Amy Bogner/Karen Kees
(850) 413-2515
press@floir.com

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5%. This rate increase applies to both new and renewal workers’ compensation insurance policies effective in Florida as of December 1, 2016.

NCCI received this approval after submitting an amended rate filing to the Office on October 4, 2016, which met the stipulations of an Order issued on September 27, 2016.  

For more information about the NCCI public hearing and rate filing, visit the Office’s “NCCI Public Rate Hearing” webpage. To view or download a copy of the NCCI rate filing, access the I-File Forms & Rates Filing Search System and enter File Log #16-12500 into the “Quick Search” function.

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Contact Info:

Amy Bogner/Karen Kees
(850) 413-2515
press@floir.com

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation 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 and Facebook

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