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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 – […]
The initial step in controlling your mod is verifying that the information on it is correct. There are two types of data in your mod calculation: loss data and payroll data. The majority of incorrect mods that are issued are incorrect due to erroneous data.
On August 23, 2012, the National Council on Compensation Insurance (NCCI) delivered its annual workers’ compensation rate filing to the Florida Office of Insurance Regulation (OIR). Based upon its review of the most recent data available, NCCI has proposed, effective January 1, 2013, an overall average rate increase of 6.1%. According to NCCI, claim frequency […]
The average duration of workers compensation temporary total disability claims benefits increased during the first half of 2011 in correlation with the struggling economy, according to a study by NCCI Holdings Inc.
NCCI has proposed changing the primary loss cap that is used to modify workers comp rates for employers based on their claims. This will be the first such change in 25 years. The anticipated change (if approved) is expected to more than triple the current cap by 2015.
On August 18, 2011, the National Council on Compensation Insurance (NCCI) proposed an overall workers’ compensation rate level increase of 8.9% effective January 1, 2012. On October 24, 2011, the Office of Insurance Regulation (OIR) issued an order stating that NCCI’s request would be approved if NCCI submited an amended filing addressing several miscellaneous issues […]
Florida’s workers’ compensation rates may go up on January 1, 2012, if a filing by the National Council on Compensation Insurance (NCCI) receives approval from the Florida Office of Insurance Regulation (OIR). The filing stated the following: On August 18, 2011, the National Council on Compensation Insurance (NCCI) delivered its annual workers compensation rate filing […]
2022 Florida Workers Comp Rates
View the New Rates
Workers compensation rates change each year. Find out whether the rates for your class codes are increasing or decreasing from last year.
The manual rates are issued by the Florida Office of Insurance Regulation after being analyzed by the National Council on Compensation Insurance (NCCI).
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