Florida Workers’ Compensation Rates Reduced For 5th Consecutive Year
January 28, 2008 — On New Year’s Eve, the Florida Office of Insurance Regulation released its annual report on the state of the market for workers’ compensation insurance to the Florida Legislature.
The report detailed the availability and affordability of coverage for workers’ compensation insurance in Florida for calendar year 2006. In conclusion, they found that Florida is the largest market dominated by private market insurers (as compared to state sponsored residual market entities such as those in New York and California).
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