Bosses to pay less to work­ers’ comp

Tampa Bay Times - - Business -

Be­gin­ning next year, Florida em­ploy­ers will pay just un­der 14 per­cent less for work­ers’ com­pen­sa­tion in­sur­ance, the Florida Of­fice of In­sur­ance Reg­u­la­tion said Fri­day. The new rate will not af­fect the amount that is paid out on claims. Florida In­sur­ance Com­mis­sioner David Alt­maier said the lower rates “will al­low em­ploy­ers to bet­ter sup­port Florida’s fam­i­lies, vis­i­tors and la­bor force.” The drop, pro­posed by the Na­tional Coun­cil on Com­pen­sa­tion In­sur­ance in Au­gust, was spurred by the lower num­ber of work­ers’ com­pen­sa­tion claims in re­cent years. Over­all, Alt­maier said, the re­duc­tion rep­re­sents $454 mil­lion in sav­ings.

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