The following workers comp bill has been filed for 2018.
SB 258 Insurance Rates by Senator Farmer
Insurance Rates; Prohibiting attorney fees paid pursuant to specified provisions under the Workers' Compensation Law and the Florida Insurance Code from being included in an insurer's rate base or used to justify a rate or rate change, etc. Effective Date: 7/1/2018
The National Council on Compensation Insurance (NCCI) recommended a 9.6% workers comp rate decrease to Florida's Office of Insurance Regulation, effective January 1, 2018. If approved, this decrease will provide some temporary relief for Florida businesses from the 14.5% increase that took effect earlier this year. The rate decrease must be approved by the Office of Insurance Regulation.
Nancy D. Stephens, CAE, DPL
Nancy d. Stephens & Associates, LLC
1625 Summit Lake Drive, Suite 300
Tallahassee, FL 32317