Regulators: Cut workers’ compensation rate even more

It’s not just property-insurance companies that have earned special attention from state insurance regulators. The Florida Office of Insurance Regulation also is pushing the “reject” button for other types of insurers operating in the state. Regulators said Tuesday that Insurance Commissioner Kevin McCarty is calling for deeper rate cuts in workers’ compensation insurance rates after rejecting a rate filing from the National Council on Compensation Insurance that would have saved Florida’s employers more than $700 million. For more information, follow the link below.

http://www.orlandosentinel.com/business/orl-workers2407oct24,0,3995402.story