Filed Under:Markets, Workers Compensation

Fla., N.Y. Workers' Comp Reforms Working, But Officials Say More Needs to Be Done

Both Florida and New York are reporting that their respective workers’ compensation reforms are having an impact, but officials in both states indicated that further changes, likely through additional legislation, are necessary.

In Florida, state Insurance Commissioner Kevin McCarty rejected a proposed 1 percent annual rate increase in workers’ compensation premiums proposed by the National Council on Compensation Insurance (NCCI), but said he would approve a 0.7 percent increase effective in January if requested by NCCI.

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