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Workers’ Comp Rates Set To Rise Starting Dec. 1

Nick Evans

Workers' compensation insurance rates will jump  14.5 percent starting Dec. 1, after a filing Tuesday that carried out a decision by state regulators.

The  National Council on Compensation Insurance, which submits rate requests for workers' compensation insurers, made the filing. The organization, commonly known as NCCI, initially requested a 19.6 rate hike, but the state  last week trimmed the increase to 14.5 percent.

NCCI was required to filed revised numbers that matched the regulators' decision.

The rates are going up largely because of a Florida Supreme Court ruling in  April that said the state's strict limits on attorneys' fees in workers' compensation cases were unconstitutional. 

Copyright 2016 Health News Florida

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