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Friday, June 02 2017

The First District Court of Appeal in Tallahassee has upheld the 14.5% rate increase in Florida workers’ compensation rates that was approved by the Office of Insurance Regulation (OIR) in October of last year.­ The rate increase, which took effect for all new and renewal policies starting December 1, 2016, had been challenged in court but will now remain in effect as a result of the Court’s order.­

The District Court of Appeal overturned and reversed a Leon County Circuit judge who had ruled that NCCI’s rate filing and the Insurance Commissioner’s subsequent rate order approving the 14.5% increase was invalid because the process violated Florida’s Sunshine Law.­ In a lengthy opinion, the Court ruled that both NCCI and OIR had properly complied with the laws governing rate-making for workers’ compensation insurance in Florida.

The effect of the Court’s Order is that the 14.5% rate increase that has been in effect since December 1, 2016, will remain in effect.

Posted by: AT 09:56 am   |  Permalink   |  Email
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