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Month: November 2016

Florida Workers' Comp Changes

November 09, 2016 by Tina Papa

How is your company responding to recent developments in the Florida workers compensation market? In case you missed it, the Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5%. This rate increase applies to both new and renewal workers compensation insurance policies effective in Florida as of Dec. 1, 2016, with no change in rates for current in-force policies. This is a result of fallout from two recent Florida Supreme Court decisions, Castellanos and Westphal. Why the large rate increase? In Castellanos, the Florida Supreme Court has ruled that the states mandatory attorneys fee schedule for workers compensation cases is unconstitutional under both Floridas and the U.S. constitution as a violation of due process. According to one Florida attorney familiar with the ruling in Castellanos vs. Next Door Co., the decision will

Posted in Workers Comp
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