The Florida Workers' Compensation Joint Underwriting Association (FWCJUA) rates and forms committee has approved an overall premium decrease of one-half percent, effective April 1. The decrease is applicable to all new and renewal business and will be adjusted to reflect the recently approved voluntary workers' compensation market rate level and class relativity changes effective April 1. As a result of the half-percent rate decrease, the FWCJUA's maximum minimum premium amount will increase from $2,400 to $2,500. FWCJUA surcharge tiers will decrease as follows:

Tier 1 – from 35 to 33 percent

Tier 2 – from 126 to 123 percent

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