NCCI calls for workers comp rate cut in FloridaAug 28,2007 00:00 by BusinessInsurance.comTALLAHASSEE, Fla."Florida Insurance Commissioner Kevin McCarty says a workers compensation rate filing by Boca Raton, Fla.-based NCCI Holdings Inc. calls for a decrease averaging 16.5% for 2008. If approved, the rates would produce $650 million in savings for Florida employers, the commissioner said. It would be the fifth consecutive rate decrease and result in total workers comp rate decreases of 50.4% since state lawmakers passed sweeping reforms in 2003. The National Council on Compensation Insurance reported that it called for the 2008 decrease because of declining frequency and costs of claims. ----------------------------------------------------------------------------------------- By Roberto Ceniceros © Crain Communications, Inc. Presented by: InsuranceHeadlines.com |