House pressing on with workers’ comp reform
Insurance Regulation News, workers' compensation, Florida Legislature, Office of Insurance Regulation
News & Updates
workers’ compensation
OIR Approves Workers Compensation Rate Reduction
The Florida Office of Insurance Regulation has issued a Final Order approving a 9.5% overall rate reduction and 9.8% premium level decrease for the National Council on Compensation Insurance (NCCI). This reduction applies to new and renewal policies effective as of January 1, 2018. “I am pleased that today’s approval of NCCI’s rate filing will […]
OIR Conducts Public Hearing on Workers’ Compensation Rates
The Florida Office of Insurance Regulation is holding a public hearing today to discuss NCCI’s proposed overall statewide average workers’ compensation premium decrease of 9.6%. The rate filing includes a statewide average rate decrease of 9.3% and a reduction of the fixed expense cost applicable to every workers’ compensation policy in Florida from $200 to […]
Salary Credit Against Premium Tax Remains Intact
The 2017 legislative session might be best remembered for key initiatives that did not pass– the legislature did not address the “assignment of benefits” issue and the increases to workers’ compensation insurance rates following recent Florida Supreme Court opinions. The legislature also did not act with respect to Florida’s premium tax credit for salaries paid to […]
Session Draws to Close with No Workers’ Compensation Solution
With only the formal act of adopting the state budget remaining, the 2017 Florida legislative session will close without reforms to Florida’s workers’ compensation laws. Workers’ compensation became a high profile issue for the 2017 session after several court cases determined portions of the existing statutes to be unconstitutional. The workers’ compensation system depends on […]
Florida Workers’ Comp Reform Battle Far From Over
NCCI, Insurance Regulation News, Florida Supreme Court, workers' compensation, Florida Legislature
Key Insurance Issues Remain Unresolved as Session Progresses
As the Florida legislature enters the final few weeks of the 2017 regular session, several important insurance issues remain unresolved. One of the most prominent insurance issues in need of a legislative solution is the “assignment of benefits” issue. Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation chief executive officer Barry Gilway, and a number […]
Workers’ comp proposal draws objections
Florida Supreme Court, workers' compensation, Florida Legislature, Insurance Regulation News, House Insurance & Banking Subcommittee
Friday Editorial: Insurance reform leads agenda of Florida Chamber
insurance reform, florida insurance fraud, Florida Chamber of Commerce, Insurance Regulation News, workers' compensation, Florida Legislature
Familiar Issues Expected to Surface Early in 2017
As we begin 2017, we can expect some of the high profile issues addressed early in the year to be continuations of issues that gathered significant attention in 2016. One of the hottest topics early in the year is likely to be the state of Florida’s workers’ compensation insurance market. Beginning with reforms made in […]