NCCI amended its Florida rate filing to a 14.5 percent increase, after the Florida Office of Insurance Regulation rejected its 19.6 percent increase last week. The major hike was proposed due to a set of Florida Supreme Court decisions (Castellanos and Westphal) that rolled back cost cutting reforms of the system. The amended filing accommodates the FLOIR’s request to limit the impact of Castellanos to 10.1 percent. There is also a pending challenge to NCCI from Miami-based attorney James Fee, who claims that NCCI is breaking state open meeting and public filing laws because of the organization’s lack of transparency. NCCI is a private company but Fee argues that it acts like a government entity.
Read the new FL filing: NCCI Fla amended filing 10.4.16