Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Fla. insurance regulator rejects comp proposal

Roberto Ceniceros

October 18, 2006 Reprints

Workers Comp Coverage More + Less -

TALLAHASSEE, Fla.--The Florida Office of Insurance Regulation said it has rejected a National Council on Compensation Insurance Inc. proposal to decrease workers compensation rates by an average of 13.3%.

Instead, Florida's OIR on Tuesday said it ordered the NCCI to amend its filing to reflect a 15.7% decrease effective Jan. 1. The OIR said the Boca Raton, Fla.-based NCCI should have used different calculations for loss development and declining indemnity trends than it did when making its recommendation.

The OIR gave the NCCI until Nov. 1 to amend its filing.

Help

Fla. insurance regulator rejects comp proposal

Readers Poll

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources