Florida employers could see a 7.4% average reduction in workers’ comp costs

By: Christine Sexton

Outlets: Florida Phoenix

Published: August 21, 2026

Words: 418

Last Updated: 1 month, 4 weeks ago

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Florida employers could see another round of decreases in the costs of their workers’ compensation insurance.

The National Council on Compensation Insurance (NCCI) is recommending that workers’ compensation rates be reduced by an average 7.4% beginning Jan 1, 2027.

NCCI is the licensed rating organization in Florida, authorized to suggest workers’ compensation rates. NCCI’s filing is a recommendation only. Florida’s insurance commissioner is charged with setting the rates. Often, the commissioner’s office holds a public …

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