Florida Insurance Commissioner Kevin McCarty today approved an 8.9 percent initial rate increase request from the National Council on Compensation Insurance.
Although the percentage requested and approved is the same, in the murky world of workers' compensation, McCarty's Order is technically a denial of the National Council on Compensation Insurance (NCCI) initial rate filing made in August.
McCarty says the Office of Insurance Regulation (OIR) did not accept NCCI's methodology for input parameters including policyholder dividends, the loading for these dividends, and investment yields.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
