Florida’s First District Court of Appeal reversed a Leon County circuit judge’s order in its entirety and sided with the National Council on Compensation Insurance (NCCI) and the Florida Office of Insurance Regulation (OIR) in upholding a 14.5% workers’ compensation rate increase. NCCI submitted rate filings to OIR responding to Florida Supreme Court decisions invalidating […]
The Florida Office of Insurance Regulation has filed a Notice of Appeal relating to a circuit court ruling issued last week that would block the implementation of a statewide average 14.5 percent increase in workers’ compensation insurance rates. In a press release announcing its decision to appeal, the Office of Insurance Regulation noted that Florida’s […]
In response to rulings of the Florida Supreme Court earlier this year, the National Council on Compensation Insurance submitted a rate filing proposing a rate increase of more than 19%. However, after a public hearing and review by the Florida Office of Insurance Regulation, the OIR ultimately approved a 14.5% statewide average rate increase. The […]
Two existing public records exemptions relating to catastrophe modeling have been extended due to action by the Florida legislature and approval by Governor Crist. House Bill 7121 has become Chapter Law 2010-137. This law extends the public records exemption for loss and exposure data submitted by insurers in the development and maintenance of the public […]