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Dade and Broward County Injury News

NCCI Proposes Reduction for Workers Compensation Rates in Florida


Posted on Aug 30, 2007

Driven by significant declines in claim frequency and improvement in loss development (i.e., claims are developing to a lower ultimate value) the National Council on Compensation Insurance is proposing that Florida officials drop the workers compensation rate by 16.5 percent, effective Jan. 1, 2008. Based on its review of the most recent data available the NCCI analysis prompted the organization to propose a fifth consecutive state-wide rate decrease since October 2003 after Florida workers compensation rates hit a high point prior to the 2003 workers compensation reform. For more information, follow the link below.

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