A South Florida appeals court has overturned a circuit judge’s constitutional ruling that threatened a major underpinning of the state’s workers-compensation insurance system.
Florida businesses will save some money next year. The state’s Office of Insurance Regulation has announced an overall 5.2 percent decrease in workers-compensation insurance rates.
Florida employers could see the first overall reduction in workers-compensation insurance rates in four years.
Workers’ comp insurers are seeking a one percent increase, meaning employers across the state of Florida could have to pay more for their workers’ compensation insurance.