jump to main menu jump to subject menu jump to content jump to footer
Media Advisory print image

Media Advisory

National Council on Compensation Insurance Public Rate Hearing
Tuesday, October 13, 2015
Contact Info:

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

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

The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss the annual NCCI rate filing which proposes a rate decrease for the workers’ compensation line of insurance. NCCI is a licensed rating organization authorized to make rate filings on behalf of approximately 260 workers’ compensation insurance companies doing business in Florida. 

NCCI has proposed an overall average decrease in rate levels of 1.9% for the voluntary market for all new and renewal workers’ compensation insurance policies written in Florida, effective January 1, 2016. The filing also requests a decrease to the fixed expense cost applicable to every workers’ compensation policy in Florida from $200 to $160, which when combined with the rate level decrease, results in an overall average premium decrease of 2.2%. Read the Office statement issued on August 21, 2015. 

For more information, a copy of the hearing agenda can be viewed here. A link to the video recording of the hearing will be available on the Office’s website at a later date.​

 ​

When:
Wednesday, October 21, 2015 9:00 AM
Where:

Division of Administrative Hearings
Desoto Office Building, Hearing Room 2
1230 Apalachee Parkway
Tallahassee, FL 

Contact Info:

Amy Bogner 
(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.​ 

###