The Florida Office of Insurance Regulation (OIR) has approved 6.4 percent increase for workers' compensation rates, effective April 1.
The National Council on Compensation Insurance (NCCI) amended its filing to request an increase of 6.4 percent after Insurance Commissioner Kevin McCarty issued an order denying a filing for an 8.9 percent increase earlier this year, the OIR said in a statement.
OIR asked NCCI in January to reduce its increase request by 2.5 points to 6.4 percent.
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