NCCI Proposes 17% Work Comp Rate Increase in Florida

In response to the Castellano decision reached by the Florida Supreme Court this past April, which can be read by clicking here,  the National Council on Compensation Insurance (NCCI) filed a 17.1% rate increase with the Florida Office of Insurance Regulation for all new and renewal policies.  We ran across an article published by the Insurance Journal that provides a great commentary on the situation, and can be read by clicking here.