Florida WC Rate Decrease Hearing Set for Tomorrow
The Florida Office of Insurance Regulation will be discussing on the 18th of October NCCI's proposed rate decrease of 9.6%. Agenda shown below. If you have any comments that you would like the state to hear, you can email ratehearings@floir.com with the subject line of your e-mail should read “NCCI” up until the 25th of October.PUBLIC HEARING AGENDANATIONAL COUNCIL ON COMPENSATION INSURANCEWHEN: October 18, 2017, 1:00 p.m.WHERE: 412 Knott Building404 South Monroe StreetFlorida Capitol ComplexTallahassee, FL 32399GENERAL SUBJECT MATTER TO BE CONSIDERED:National Council on Compensation Insurance (NCCI) has proposed an overall average decrease in rate levels of 9.3% for the voluntary market for all new and renewal workers’compensation insurance policies written in the State of Florida, effective January 1, 2018. 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 workers’ compensation premium decrease of 9.6%.1. Opening Remarks Office of Insurance Regulation (Office)a) Introduction of Office personnelb) Introduction of participating parties2. Presentation National Council on Compensation Insurance3. Public Comment Open to the Public4. Closing Remarks5. AdjournAny comments or concerns not addressed at the public hearing may be forwarded to ratehearings@floir.com; the subject line of your e-mail should read “NCCI”. The record will be open for public comment until October 25, 2017.
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