TALLAHASSEE (CBSMiami/NSF) – Florida employers could see the first overall reduction in workers-compensation insurance rates in four years.

An overall 2.5 percent decrease has been proposed by the National Council on Compensation Insurance, the state announced Friday.

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The decrease is expected to be discussed during a public hearing in October.

Manufacturers could see the biggest drop, 3.2 percent, under the proposal.

The contracting industry is lined up for a 2.9 percent decrease, and office and clerical services would get a 1.3 percent drop, according to a statement from NCCI.

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The proposal, if approved by the state Office of Insurance Regulation, would take effect in January.

Last year, the overall rate grew 0.7 percent, which was slightly lower than a proposed 1 percent increase. The approval followed annual increases of 6.1 percent, 8.9 percent and 7.8 percent in the three previous years.

“The News Service of Florida contributed to this report.”

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