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McCarty Approves Workers' Comp Rate Decrease

A third consecutive decline in workers' compensation premiums will greet Florida's employers in the New Year after Insurance Commissioner Kevin McCarty signed off on a 13.5 percent rate cut. The rate

By Michael H. Adams | Updated on November 30, 2005

A third consecutive decline in workers’ compensation premiums will greet Florida’s employers in the New Year after Insurance Commissioner Kevin McCarty signed off on a 13.5 percent rate cut. The rate change will save employers some $445 million, as rates have now dropped by a cumulative 32.6 percent, returning them to levels last seen in the mid-1990s. The new rates will apply to all new and renewal policies as of January 1, 2006.

Employers Benefit

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