Article ID: ad721a0e12e233c41cf67fa25621b2e2cadb7c48e57f58c1999a635da9b2df2e
Source ID: secondary:businessinsurance.com
Published At: -
Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/ncci-recommends-7-4-florida-workers-comp-rate-cut/
Body Text
NCCI recommends 7.4% Florida workers comp rate cut - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers NCCI recommends 7.4% Florida workers comp rate cut by Gavin Souter Workers Comp Coverage , Workers Comp Pricing , Workplace Safety Aug 24, 2026 The National Council on Compensation Insurance has recommended a 7.4% decrease in Florida workers compensation rates for 2027, which would extend a series of rate reductions in the state. The Boca Raton, Florida-based rating organization filed the proposal Friday with the Florida Office of Insurance Regulation. If approved, the rates would take effect Jan. 1. NCCI said declining lost-time claim frequency was a key factor behind the proposed reduction. Strong wage growth has also contributed to lower loss ratios because payroll, which is used as the exposure base for workers comp premiums, has grown faster than medical costs. The proposed decrease reflects a 0.6% increase tied to changes in Florida’s medical fee schedules, which will align physician and nonhospital reimbursement levels with Medicare’s 2026 Resource-Based Relative Value Scale. Florida regulators last year approved a 6.9% workers comp rate decrease for 2026, following a 1% reduction for 2025. The 2026 decrease marked the ninth consecutive annual workers comp rate reduction in the state. NCCI said that nationwide, the workers comp combined ratio in states where it operates increased to 91% in 2025 from 86% in 2024, while lost-time claim frequency fell 2%. Related News Wrong turn puts Munich stadium on Sydney Marathon medal August 24, 2026 Food manufacturer cited after three worker deaths August 24, 2026 Price cuts threaten big four reinsurers’ earnings: Fitch Ratings August 24, 2026 Dutch regulator fines Uber $966M August 24, 2026 ASR Nederland’s profit jumps more than sixfold August 24, 2026 Catastrophe claims cut Triglav’s profit August 24, 2026 Reinsurance profit lifts MNRB’s earnings August 24, 2026 Sava’s profit slips despite premium growth August 24, 2026 Conduit Re names new COO August 24, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
Metadata (JSON)
{
"score": 11.066666666666666
}