Florida government actuaries and analysts today began a study of a proposed 13.3 percent overall rate level cut for workers' compensation insurance recommended by the state's statistical agent.
The National Council on Compensation Insurance put forward that number yesterday, citing reductions in claims frequency and size that it attributed to 2003 comp law changes, which included limits on lawyers' fees.
The Boca Raton-Fla.-based NCCI's filing recommendation for a Jan. 1, 2007 rate change was made with the Florida Office of Insurance Regulation.
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