Florida Workers’ Compensation Rate Increase Approved – 8.9% Increase

Wow! I never would have guessed it. It has been years since the OIR has approved the full rate increase filed by NCCI. The rate increase takes effect January 1, 2012.

The NCCI has to make a few behind the scenes changes to secure the approval. The only one worth mentioning is to the roofers class code (5551). They don’t get any rate change at all.