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News and Notes

20 April 2017 0 Comments Category: Workers' Compensation

NCCI – Eliminating ARD Rule May 1st

The ARD, a source of confusion for many employers, is being eliminated as of May 1, 2017. The National Council on Compensation Insurance, Inc. (NCCI) is eliminating the anniversary rating date (ARD) rule on May 1, 2017. The ARD is defined as the effective month and day of a workers’ compensation policy and each anniversary thereafter, unless a different date has been established by NCCI or another licensed rating organization. This Work Comp Insights will answer common questions regarding the ARD rule and explain the NCCI’s reason for eliminating it. […]
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28 November 2016 0 Comments Category: Workers' Compensation

Judge Halts Florida’s 14.5% Workers’ Compensation Rate Increase

A Florida circuit judge halts 14.5% workers’ compensation rate increase set for December 1, because of violations of Florida’s Sunshine Laws. On November 23, Leon Country Circuit Court Judge Karen Gievers ruled that the rate increase negotiated between NCCI and the state regulators within the Office of Insurance (OIR) cannot take effect, NCCI must hand over documents requested by the plaintiff in the case. NCCI has stated they have complied with applicable open meeting and other Sunshine Laws on transparency. NCCI says they will appeal the ruling. “NCCI is very disappointed […]
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18 November 2016 0 Comments Category: Workers' Compensation

The Story Your Mod Reveals

For many employers, workers’ compensation insurance is all about one number—the premium quoted. Understandably, employers want to pay the lowest amount possible on this mandatory coverage. While some brokers try to compete on a low bid, those who do miss the chance to educate employers on how their mod affects their premium, and how lowering their mod through targeted improvements in safety, hiring, return to work and other areas will ultimately improve both their direct and indirect workers’ compensation costs. There’s much more to workers’ compensation than price. Let us show […]
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18 November 2016 0 Comments Category: Uncategorized

Update on Florida Workers’ Comp Market

The average claimant attorney fee per award for the period May through September of 2016 increased by 22% compared to the same period May through September of 2015.  Note: There may be multiple attorney fee awards per case. The number of claimant attorney fee awards for the period May through September 2016 increased by 5% compared to the same period May through September 2015. The total dollars of claimant attorney fees awarded for the period May through September of 2016 increased by 27% compared to the same period May through […]
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