Property Casualty Insurers Association of America Property Casualty Insurers Association of America
  • Staff Contact: Brooke Kelley     
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  • FOR RELEASE ON RECEIPT
  • May 9, 2017
  • Insurers Issue Statement on Florida Workers Compensation Rate Ruling
  • Tallahassee, Fla. — The National Council on Compensation Insurance (NCCI) today prevailed in its appeal in Florida. The Florida First District Court of Appeals has ordered a full reversal of the lower court decision, upholding the 14.5 percent rate increase approved by the Florida Office of Insurance Regulation.  The following statement can be attributed to Logan McFaddin, regional manager for the Property Casualty Insurers Association of America (PCI).

    “PCI applauds the Florida First District Court of Appeals decision, recognizing the importance of organizations like NCCI who can independently review Florida’s workers compensation system and offer recommendations. NCCI’s recommendation of a 14.5 percent rate increase is a clear indication that Florida needs a better solution to help control costs while providing quality care to injured workers.

    “We continue to support the 2003 reforms to Florida’s workers compensation system that protected employees and controlled costs for employers prior to the rulings.

    “Even though the 2017 Legislative Session has come to a close this week, we must continue to work with Florida lawmakers on solid solutions to ensure we can return to a vibrant marketplace in Florida where injured workers can get the care they need, while at the same time, workers compensation costs do not hinder job creators. We need a workers compensation system in Florida that all stakeholders  can rely on.”

  • PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $202 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 27 percent of the homeowners market, 33 percent of the commercial property and liability market and 34 percent of the private workers compensation market.
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