WC Reform Is Just The Start
Now that Florida's legislature has okayed a workers compensation insurance reform measure that Governor Jeb Bush is expected to sign into law, the state's insurance carriers and buyers can breathe a sigh of relief.
The Florida bill is supposed to bring skyrocketing expenses in the workers' comp system back to Earth and cut insurance premiums by 12 percent. That is huge news for a state paying out $1.27 for every $1 in premiums, according to figures provided by the American Insurance Association.
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