Florida Okays Cost Cut Comp Reforms
NU Online News Service, May 28, 3:53 p.m. EDT?The Florida Legislature has given final approval to a workers' compensation insurance reform measure that is expected to control soaring system costs and reduce rates by 12 percent .
A spokesperson in the office of Republican Gov. Jeb Bush said that he has not yet received the reform bill (S.B. 50) and would review it when it is received. Both the Washington, D.C.-based American Insurance Association and the Alliance of American Insurers in Downers Grove, Ill., said he is expected to sign it.
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