Recommended Decrease of 9.6% in Overall Workers Comp Premium by NCCI

Using the most recent pre-Castellanos/Westphal experience data available, NCCI has recommended an overall premium level decrease of 9.6%, effective January 1, 2018.The proposed reduction represents a continued improvement in claim frequency, more than an 8% decrease in Florida over the last two years, and is the primary driver of the decrease filed with the OIR. The full effect on rates of the supreme court decisions will become better understood over the next two years. Click here to read more on NCCI’s recommendation.