Insurers Issue Statement on Florida Workers Compensation Rate Ruling
Tallahassee, Fla. – The National Council on Compensation Insurance (NCCI) today prevailed in its appeal in Florida. The Florida First District Court of Appeals has ordered a full reversal of the lower court decision, upholding the 14.5 percent rate increase approved by the Florida Office of Insurance Regulation. The following statement can be attributed to Logan McFaddin, regional manager for the Property Casualty Insurers Association of America (PCI). “PCI applauds the Florida First District Court of Appeals decision, recognizing the importance of organizations like NCCI who can