PCI Statement on OIR’s Hearing Regarding NCCI’s Workers’ Compensation Rate Increase
Tallahassee, Fla. – Today, the Florida Office of Insurance Regulation held a public hearing to discuss the National Council on Compensation Insurance (NCCI) rate filing request. The following statement can be attributed to Logan McFaddin, regional manager for the Property Casualty Insurers Association of America (PCI).
“Today’s hearing was a good step for the Florida workers’ compensation system. PCI recognizes the importance of organizations like the NCCI who can independently review Florida’s workers’ compensation system and offer recommendations. We encourage all stakeholders to review the NCCI’s analysis of the Florida Supreme Court decisions in Emma Murray, Castellanos and Westphal.
“We continue to support the 2003 Florida workers’ compensation reforms that were put in place to protect the interests of employees, as well as help control costs for business owners.
“Going forward, we must work with Florida lawmakers on solid solutions to ensure we can return to a vibrant marketplace in Florida where injured workers can get the care they need, while at the same time, workers’ compensation costs do not hinder employers and employees. We need a workers’ compensation system in Florida that we all can rely on.”