Florida Reforms Keep The Heat On WC Rates
Florida Insurance Commissioner Kevin McCarty's move to reduce workers' compensation rates by a statewide average of 5.1 percent hardly came as a surprise. After all, with the passage of reforms in 2003, the market is showing many signs of once again becoming competitive following several years of being in a downward cycle.
Still, the market is highly sensitive to any rate changes that might upset the delicate balance between profits and losses. And while employers celebrate a welcomed reduction in premiums, those risk managers in the places where the cuts run the deepest may still find coverage elusive.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
