Florida Workers Comp Articles

Archive for October, 2012

Higher Workers Comp Rates in 2013

On Friday, October 26, 2012, the Florida Office of Insurance Regulation (OIR) issued an order stating that it would approve the 6.1% overall workers’ compensation rate level increase requested by the National Council on Compensation Insurance (NCCI), if NCCI submits another filing addressing several miscellaneous issues. [One of these changes involves the minimum premium – […]

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2013 Changes to Experience Mods

The Experience Rating Plan for computing workers’ compensation rates was developed by NCCI in the 1940’s. In its long history, the experience mod calculation formula has not changed very often and hasn’t had a formula change since 1998. There will be a major change to experience mods on January 1st, 2013. The experience rating plan […]

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