Workers’ Compensation Insurance 13.8% Rate Decrease for 2019

See below from FAPEO’s Robert Skrob regarding the impending workers’ compensation rate decrease in Florida.

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TALLAHASSEE, Fla. – Florida Insurance Commissioner David Altmaier issued an Order Friday notifying the National Council on Compensation Insurance (NCCI) that its 2019 rate filing proposing a 13.4 percent decrease, if amended by November 7, 2018, will be approved as a slightly larger workers’ compensation rate decrease of 13.8 percent. Approval of a revised rate decrease is contingent on the amended filing being submitted with changes as stipulated within the Order. If approved by OIR, the revised rate decrease would become effective on January 1, 2019, for new and renewal business.

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Sharlie Reynolds

Sharlie Reynolds

Executive Vice President at Libertate Insurance, LLC

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