Workers' compensation rates in Florida will go down by over 18 percent by the new year, but a state Supreme Court decision may make the lower rates short-lived.
Florida Insurance Commissioner Kevin McCarty gave his approval to an amended rate filing by the National Council on Compensation Insurance today–a filing that does not reflect the implication of the state high court's ruling in Murray v. Mariners Health/ACE USA.
In the Murray decision, the court ruled that judges should have some discretion in awarding attorney fees in workers' compensation cases. The court said that judges should be allowed to adjust the results of a formula instituted by lawmakers in 2003 when those results are not "reasonable."
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