Drug dispensing latest debate in workers comp
Insurance Regulation News, workers' compensation, Kevin McCarty
News & Updates
workers’ compensation
Solutions to Workers’ Comp Scam Prove Elusive
Insurance Regulation News, workers' compensation, Florida Legislature
Commissioner McCarty Issues Order Regarding NCCI Rate Request
The Office issued an order on October 24, 2011 advising NCCI that its request for an overall rate increase of 8.9% would be approved if the NCCI modified its methodology for factoring in dividends. The increase is to become effective January 1, 2011. NCCI – OIR Order on Rate Filing OIR press release
Rate Adjustment for Prescription Drug Reform Premature
The Office of Insurance Regulation has indicated that it is too early to adjust workers’ compensation rates for changes the Florida legislature might make next year to the manner in which workers’ compensation prescriptions are dispensed. The National Federation of Independent Business asked the OIR to cut 2.5% from the National Council on Compensation Insurance workers’ […]
Florida Minimum Wage Set for 4.9% Increase
Over the weekend, the State of Florida announced that the minimum wage would increase from $7.31 per hour in 2011 to $7.67 per hour starting January 1, 2012. The minimum wage for tipped employees will also increase from $4.29 per hour to $4.65. The increase is based upon a rising Consumer Price Index and Florida’s […]
OIR Hears NCCI Request for Rate Increase
NCCI filed a request for a statewide average rate increase of 8.9% and the OIR held a public hearing to gather testimony and evidence regarding the request. Insurance Commissioner Kevin McCarty chaired the panel listening to the presentation of the NCCI. He was joined on the panel by Belinda Miller (General Counsel), Richard Koon (Deputy […]
NLRB Delays Posting Requirement Until Jan 31, 2012
The National Labor Relations Board (NLRB) has postponed the implementation of its new posting rule regarding employee rights information. In a press release issued Wednesday, October 5, 2011, the NLRB announced that the new employee rights posting requirement would not be effective until January 31, 2012. The press release can be found here: https://www.nlrb.gov/news/posting-employee-rights-notice-now-required-jan-31-board-postpones-deadline-allow-further-educa According to […]
EEOC Sues Bass Pro and Issues Press Release
The front page of the EEOC’s website may look a little different to viewers today as the government’s site contains a dedicated space to recruit claimants for a lawsuit filed by the EEOC against Bass Pro Outdoor World, LLC (“Bass Pro”) in the U. S. District Court for the Southern District of Texas, Houston Division […]
Workers’ comp hike would cost local businesses $17.5M
Insurance Regulation News, workers' compensation, Office of Insurance Regulation
Department of Financial Services Issues Orders Setting Assessment Rates for 2012
The Division of Workers’ Compensation has issued 2 informational memoranda setting assessment rates for the 2012 calendar year. Workers’ Compensation Administration Trust Fund – DFS-02-2011 – The assessment rate for 2012 is 1.75%. Each year the Department estimates the amounts needed for the administration of Chapter 440, Florida Statutes. This figure takes into account the […]