WEATHER ALERT

State ponders workers' compensation rate cut
Read full article: State ponders workers' compensation rate cutTALLAHASSEE, Fla. - Florida's insurance commissioner is considering whether to sign off on an average 5.4 percent reduction in workers' compensation insurance rates despite an ongoing debate about the effects of a state Supreme Court ruling that allowed higher attorney fees in workers' compensation legal battles. Rosen said attorney involvement in workers' compensation disputes has been increasing since the 2016 Supreme Court ruling. But attorney fees comprise just a portion of the costs in the workers' compensation system. The National Council on Compensation Insurance, known as NCCI, makes annual rate filings for the workers' compensation industry. The state had 242 insurance companies writing workers' compensation policies in 2017, the latest available data from the Office of Insurance Regulation.