Florida Regulators Reject Worker’s Comp Rate Filing

Friday, November 7th, 2014 Legislation & Regulation Workers' Compensation

State regulators said Wednesday they rejected a rate filing from worker’s compensation insurers as “excessive and unsupported,” calling instead for a 5.5 percent decrease in rates.as “excessive and unsupported,” calling instead for a 5.5 percent decrease in rates. The National Council on Compensation Insurance, representing about 250 worker’s compensation insurers in Florida, sought a 3.3 percent decrease for 2015, state officials said. Florida Insurance Commissioner Kevin McCarty said he saw nothing to ” justify a near doubling of the underwriting profit” in the filing.

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http://www.palmbeachpost.com/news/news/state-regional/regulators-reject-workers-comp-rate-filing-as-exce/nhz8M/

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