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Workers' compensation premiums for Florida businesses could drop

David Altmaier, commissioner of the Florida Office of Insurance Regulation, is expected to consider a proposal this month that could reduce workers' compensation premiums by just over 9 percent for businesses. | [Times file photo]

David Altmaier, commissioner of the Florida Office of Insurance Regulation, is expected to consider a proposal this month that could reduce workers' compensation premiums by just over 9 percent for businesses. | [Times file photo]

TALLAHASSEE — A filing up for review this month by the Florida Office of Insurance Regulation could reduce workers' compensation premiums by just over 9 percent for businesses.

Originally proposed in August by the National Council on Compensation Insurance, the filing calls for an even larger drop for manufacturing businesses — 10.3 percent.

Workers' compensation premiums totaled about $3.8 billion in 2016, according to the NCCI. Florida Office of Insurance Regulation Commissioner David Altmaier is expected to consider the filing by the end of the month.

Workers' compensation premiums for Florida businesses could drop 10/06/17 [Last modified: Friday, October 6, 2017 11:39am]
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