NCCI has submitted a comprehensive proposal for adjustments to the voluntary rates and rating values within Florida's insurance landscape. With a planned implementation date of January 1, 2024, the proposal targets both new and renewal policies. A focal point of this proposal is a noteworthy 15.1% reduction in average voluntary rate levels for industrial classifications.

Every year, the most talented workers’ compensation professionals in the country converge in Orlando for the National Council on Compensation Insurance (“NCCI”) Annual Issues Symposium. Rich in analytic data, the NCCI drills into the cost drivers, macro-economic environment and social issues that impact this statutory line of insurance.

Experience rating serves as an effective incentive for California employers to provide safe workplaces, according to a new study by the Workers’ Compensation Insurance Rating Bureau.

Massachusetts workers’ compensation rates will fall an average 10.2% starting July 1, a considerably bigger reduction than the industry recommended.

On August 24’th, 2022 the NCCI filed an order with the State to reduce rates by an average of 8.4% on all policies incepted on January 1, 2023 or later.