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Press Release

National Council on Compensation Insurance (NCCI) Public Rate Hearing Canceled
Tuesday, October 16, 2018
Contact Info:

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

TALLAHASSEE, Fla – Commissioner David Altmaier announced the cancellation of the public rate hearing scheduled for Wednesday, October 17, 2018, to discuss the 2019 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI). The cancellation is due to Hurricane Michael’s impact which devastated much of Florida’s Gulf Coast last week.
 
Commissioner Altmaier stated: “My office has an immediate responsibility to those impacted by Hurricane Michael to ensure every possible step that can be taken to protect policyholders is executed as soon as possible. While we regret not being able to hold the public hearing as scheduled, OIR will thoroughly review the NCCI rate filing and consider all public comments prior to making a decision.”
 
The filing proposes a statewide average premium decrease of 13.4%. The new rates would become effective January 1, 2019. Consumers and other interested parties can still submit comments regarding the NCCI rate filing by sending an email to: RateHearings@floir.com using the subject line NCCI. Comments will be accepted until 5:00 p.m. on 10/26/2018.
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Contact Info:

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

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