Posted on October 30, 2008 by David McCranie

Insurance Commissioner Announces Another Rate Decrease, But. . .

Florida Insurance Commissioner Kevin McCarty has announced yet another decrease in workers' compensation rates for Florida employers in 2009.  The average rate will decrease by 18.6%, bringing the average cumulative decreases in rates to 60.5% since the 2003 amendments to Ch. 440 were enacted.

 

Commissioner McCarty warned, however, that this decrease does not take into account the effects of the Florida Supreme Court's 10/23/2008 ruling in Murray v. Mariner Health.  He expects NCCI to make a new filing in support of the rate impact which it believes will result from Murray.

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