Per the below link from the Florida Office of Insurance Regulation…
“The total impact is a combined rate increase of 17.1% equaling $623 million.”
http://www.floir.com/PressReleases/viewmediarelease.aspx?id=2161
…and the next step to what the ultimate conclusion will be to this rate filing…
“A public rate hearing will be held in July to give NCCI an opportunity to discuss the filing and interested parties and other stakeholders the ability to provide testimony or comments. More details will be forthcoming at a later date.”
Will Florida accept the 17.1% on August 1? Negotiate it downward for August 1? Push it to a later adoption then August 1? Accept and approve nothing ?
Get your popcorn.
-PRH
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