TALLAHASSEE (CBSMiami/NSF) – Florida employers will see overall workers-compensation insurance rates drop 4.7 percent as of January 1st, 2016.
That’s according to the state’s Office of Insurance Regulation.READ MORE: NBA fines Miami Heat $25,000 for violating 'bench decorum'
The National Council on Compensation Insurance, while files proposed rates each year for insurers, initially called for a 1.9 percent decrease. The Office of Insurance Regulation rejected that proposal and said overall rates should go down 5.1 percent.READ MORE: Man faces several charges including pointing laser at BSO aviation unit
At the request of the organization known as NCCI, regulators looked again at some factors used in setting rates. That led to Thursday’s order for the 4.7 percent decrease in 2016.MORE NEWS: Miami ex-Proud Boys leader Henry 'Enrique' Tarrio to stay jailed until Capitol riot trial
The News Service of Florida contributed to this report.