National Council on Compensation Insurance 2024 Public Rate Hearing
OIR will conduct a rate hearing to hear testimony from NCCI and receive public comment on the proposed workers' compensation insurance rate change for all new and renewal workers' compensation insurance policies written in the voluntary market in Florida, effective January 1, 2025.
Hearing Information
Date: Tuesday, October 15, 2024
Time: 10 a.m. ET
Place: Virtual Rate Hearing
Access via Webinar: Registration Link
Access via Telephone: 1 (877) 568-4108-; Access Code: 917-769-479
Rate Filing
NCCI submitted the rate filing on August 23, 2024, on behalf of Florida's workers' compensation insurance companies. In this filing, NCCI requests an overall average decrease in rate levels of 1.0 percent for the voluntary market for all new and renewal workers' compensation insurance policies written in Florida, effective January 1, 2025.
The written testimony of Mr. Brett Foster is available here.
To access the NCCI rate filing, visit the IRFS Forms & Rates Filing Search and enter either “National Council on Compensation Insurance” into the “Quick Search” tab.
Public Comments / Testimony
Input from consumers and interested parties, as well as from representatives of the National Council on Compensation Insurance, Inc., will be received at this virtual public hearing. If you choose to access the hearing via telephone, or if you are unable to participate in this public hearing, please forward your comments to the Office of Insurance Regulation at ratehearings@floir.com. The subject line of your e-mail should read “National Council on Compensation Insurance.”
The record will be open for public comment until October 29, 2024 at 5:00 p.m. ET.
All persons wishing to present expert testimony at this hearing must prefile their testimony in writing with the OFFICE on or before October 8, 2024, attention Joe Hart, General Counsel, Office of Insurance Regulation, 200 East Gaines Street, Tallahassee, Florida, 32399. Any expert witness who fails to prefile testimony may be prohibited from testifying.
Under Florida law, written communications to the Office are public record; this would include email addresses and phone numbers. They are subject to public disclosure, including being available to the public and media.