Florida 14.5% workers' com rate hike upheld
A Florida appeals court upheld a 14.5 percent rate increase for
workers' compensation coverage imposed in December by
Florida's Office of Insurance Regulation (Floir), determining
that the hike was done properly.
The ruling today overturns a Leon County circuit judge's
finding last year that the National Council on Compensation
Insurance, which submitted the original rate increase request on
behalf of insurers, and the Floir had failed to follow required
rate-setting procedures. NCCI issued a st
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