The Florida Office of Insurance Regulation received the National Council on Compensation Insurance’s annual rate filing proposing a 1 percent overall rate hike that would be effective in January.
Claim frequency is up, but the rate adjustment mainly reflects the impact of medical costs outpacing wage inflation and declines in expenses, the council said in its filing.
Workers’ comp insurance in contracting businesses would increase 3.5 percent under the rate proposal while manufacturing would…
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