OIR Receives Annual Workers’ Compensation Rate Filing
Fla. – The
Office of Insurance Regulation (OIR) has received the 2020 Florida
workers’ compensation rate filing by the National Council on Compensation
Insurance (NCCI), which proposes a statewide average premium decrease of 5.4%.
The new rates would become effective January 1, 2020.
always, OIR will review the filing to ensure the proposed changes are not
excessive, inadequate or unfairly discriminatory and evaluate its potential
effects on the insurance marketplace and employers, who are required by law to
carry this insurance on their employees.
NCCI is a licensed rating organization authorized to make rate filings on
behalf of workers’ compensation insurance companies in Florida. For more
information about the filing, read the NCCI
2020 Filing Summary.