Florida Workers’ Comp Rates Could Decrease In 2018

Florida businesses could see workers’ compensation insurance premiums decrease in 2018, after a tumultuous period that included a double-digit rate hike late last year and a lobbying battle about whether to revamp workers’ compensation laws. The National Council on Compensation Insurance, which proposes rates for workers’ compensation insurers, said Monday it was recommending an average premium decrease of 9.6 percent effective Jan. 1. The proposal will be reviewed by the state Office of Insurance Regulation, which can approve the decrease or direct changes.