NCCI Recommends another rate cut for Florida “The National Council on Compensation Insurance is recommending that the Florida Office of Insurance Regulation reduce workers compensation rates by an average of 6.9%, effective Jan. 1, 2026. Improved loss experience in policy years 2022-2024, the result of continued decreases in claim frequency, was the primary driver of… Read more The post 2026 Florida Work Comp Rate Cut of 6.9% first appeared on Bridgely Key Options.| Bridgely Key Options
According to Fitch Ratings, workers’ compensation saw a combined ratio of 92% for the previous year. An immediate concern is the growing pressure from medical inflation, which had been somewhat tame in 2022. For the past year (ending Nov. 30, 2022), the medical consumer price index (CPI) was up over 4%, as compared to 1.7% […]| Workers Compensation Quotes Online