Filed Under:Markets, Workers Compensation

Florida Intends to Raise WC Rates, Address Cost Drivers

The Florida Office of Insurance Regulation intends to increase the region's workers' compensation rates by 6.1 percent effective Jan. 2013, the state's insurance commissioner announced on Monday.

The decision to approve the hike was based on testimony offered by the National Council on Compensation Insurance (NCCI) in an October 4 hearing, which followed the Council's latest rate filing.

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