News & Updates

NCCI

OIR Holds Workshop On Workers’ Comp Excess Profits Rule; Few Details Emerge

OIR Holds Workshop On Workers’ Comp Excess Profits Rule; Few Details Emerge

On February 22, 2010, the Office of Insurance Regulation held a workshop on potential revisions to the workers’ compensation insurance excessive profits rule (69O-189.007, F.A.C.) and its incorporated Excessive Profits Reporting Form (OIR-B1-15).  The Office is engaging in rulemaking as the result of an agreement reached with the petitioner in an ongoing administrative law rule […]

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NCCI Rate Decrease Approved

NCCI Rate Decrease Approved

Insurance Commissioner, Kevin McCarty, accepted the National Council on Compensation Insurance’s (NCCI) revised rate filing and issued an order approving a rate decrease of 6.8% on October 26, 2009.  The Office and NCCI had previously reached an agreement on the amount of the decrease, 6.8%, but the Office took issue with some of the NCCI’s methodology, […]

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