The National Council on Compensation Insurance, Inc. said it has filed for an 8.9 percent rate increase in Florida workers' compensation insurance rates to account for an expected jump in legal costs since the State Supreme Court ruling giving judges greater leeway in awarding attorneys' fees.
Submitted Friday, the NCCI's filing calls for the 8.9 percent rate increase to take effect March 1. NCCI had already made an earlier filing, which called for an 18.1 percent rate reduction, set to take effect on the first of January.
The Supreme Court action precipitating the increase rate filing came in the case of Emma Murray vs. Mariner Health Inc. and ACE USA. It was released when the initial filing was submitted. But, an NCCI official said at that point the organization did not have enough time to gauge the impact of the decision on rates within the timeframe necessary for a Jan. 1 effective date, and that a separate filing would be made.
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