Florida Chief Financial Officer Alex Sink said today she has ordered a 50 percent cut for the 2008 Workers' Compensation Administration Trust Fund assessment rate.
The reduction is projected to result in as much as $19 million in savings that can be passed on to Florida employers, according to the announcement.
Ms. Sink noted that during the past five years, the health of Florida's workers' compensation system has improved to a point where 28 new carriers are now writing workers' compensation in the state.
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