FAPEO Sends Out NCCI’s FL Workers’ Compensation Rate filing for 2018

The following is an excerpt from the email sent to FAPEO members:

 

Government Affairs Update

By David Daniel

Florida PEO Lobbyist

 

Yesterday NCCI released their proposed rate filing for workers compensation rates for 2018.   This filing was for a rate DECREASE of 9.6 % effective January 1, 2018.  They expect OIR to hold a public hearing on this proposed increase sometime in October.  

 

The expectation was for an additional significant rate increase based on the recent Florida Supreme Court actions and how the change impacted behavior.  Apparently NCCI has based this recommendation on a downward trend in experience and from data from 2014-15.  They indicate this recommendation is not a law filing like last year but rather an experience filing.  They believe the impacts of the Castellanos case were addressed in their last recommendation.

 

This caught the business community off guard and it takes the political wind out of the sails for real workers compensation reform in the 2018 Legislative Session.  While I can make the case that this is good new for the business community it could put a squeeze on workers compensation carriers in the marketplace. 

 

Robert Skrob, CPA, CAE

Executive Director

Florida Association of Professional Employer Organizations

 

Comment below what you think of this recommendation from NCCI.

 

-David Campbell

Risk Consultant at Libertate Insurance

 

 

 

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