Florida Work Comp Increase 14.5%

Florida Work Comp Increase

A contingent Florida Work Comp Increase has been approved. Florida’s Office of Insurance Regulation (OIR) weighed in and given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings undoing reforms passed in 2003 and rocking the state’s workers’ compensation system.

In the Sept. 27 order, OIR disapproved the National Council on Compensation Insurance’s ...

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