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NCCI Asks for 8.9 Percent Rate Hike for Florida’s Workers’ Comp

Floridas workers compensation rates may go up 8.9 percent on Jan. 1, 2012.

By Joan E. Collier | Updated on August 18, 2011

Florida’s workers’ compensation rates may go up on Jan. 1, 2012, if a filing today by the National Council on Compensation Insurance (NCCI) receives approval from the Office of Insurance Regulation (OIR).

NCCI cited changes in experience and trends in asking for an overall rate level change of 8.9 percent for 2012. In its request, NCCI states, “Following several years of significant declines, claim frequency in 2009 was up significantly. Preliminary 2010 data also shows claim frequency up further. This might be explained by the impact of the economy on workers’ compensation.”

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