Work Comp Rates in New York are on the rise. On recommendation from the New York Compensation Insurance Rating Board, The New York State Department of Financial Services has approved a 9.3 percent average hike in workers’ compensation loss costs. These new rates will go into effect Oct. 1. For injured workers this… Read more »
NCCI proposed to the Florida Office of Insurance Regulation a rate increase of 19.6%. What caused this (Florida Supreme Court)? A 2.2 percent projected rate increase for the June 9th Florida Supreme Court decision in the case of Westphal v. City of St. Petersburg, in which the Florida Supreme Court… Read more »