Florida workers' compensation rates were decreased by 15.7 percent yesterday, a result of legislative reforms of 2003 and 2004, according to a new report.
Release of the legislative study by the Office of Insurance Regulation was announced by Insurance Commissioner Kevin McCarty last week. He set the rate decrease in October.
A statement from the department said rates have declined for the past four years, with a cumulative 40.6 percent decrease since 2003.
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