Monday, August 28, 2017

NCCI Proposes Significant Florida Rate Decrease

On August 28, 2017 The National Council on Compensation Insurance filed a Proposed Voluntary Rates and Rating. This proposes that overall rates decrease 9.3% for industrial classifications and an average rate decrease of 10.9% for F-Classifications. 

This proposal appears to be based upon an analysis of policy years 2014 and 2015.