Florida Regulators to Hold Hearing on Comp Rate Decrease
Florida insurance regulators are set to hold two hearings in the next three weeks to examine workers’ compensation rates and worker notification issues.
On Oct. 14, the Office of Insurance Regulation will host a virtual public rate hearing to discuss a 4.9% decrease in workers’ comp rates, as proposed by the National Council on Compensation Insurance. If approved, the decrease would be the fourth in the last four years and would take effect Jan. 1.