OIR 14.5 percent workers’ comp rate increase News

U.S. Supreme Court Declines to Review Challenge to Florida Workers’ Comp System

The United States Supreme Court has refused to review a Florida case challenging the state’s entire workers’ compensation system, which could be seen as the state’s only reprieve on workers’ comp this year. The Court’s Oct. 31 decision without comment …

It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%

The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent. This rate increase applies to both new …

Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings

The Florida Office of Insurance Regulation (OIR) has 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 …