New NCCI FL Basic Manual rule effective 3-1-2023 pertaining to subcontractors
NCCI suggested, and the Florida DOI accepted, a new subcontractor rule effective 3.1.23 for Florida.
Allianz Insurance Group Risk Barometer
The multibillion-dollar insurance group Allianz publishes a very informative risk barometer each year. The methodology of the survey is as follows:
California Property & Casualty insurance New Email Law
Effective January 1, 2023, California Property & Casualty insurance agents must include his/her license number on ALL email correspondence included but not limited to:
Florida Workers Compensation 2023 Rates are Here
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.
Short-Time Compensation
A disaster declaration under the Stafford Act has been declared for Florida by President Biden as a result of Hurricane Ian. Florida unemployment compensation law provides at Section 443.131(3)(a)4 that:
OIR Approves an 8.4% Decrease in Workers' Compensation Insurance Rates for 2023
Late yesterday, Governor Ron Desantis signed into law an average reduction of workers’ compensation rates in the State of Florida for policies incepted 1/1/23 or later by 8.4%.