11/24/2008

The National Council on Compensation Insurance may not be able to honor rate cuts it promised to Florida employers. After the group said it would be able to reduce rates, the council responded to a Florida Supreme Court ruling that ended a fee cap to lawyers who represent injured workers -- and requested a rise in premiums of nearly 19 percent over two years.
The 18.6% request matches the amount by which Florida Insurance Commissioner Kevin McCarty had ordered the workers' compensation insurance group to drop its rates in October.

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