Bay County Chamber of Commerce
   
 

Bay County Chamber of Commerce

235 West 5th Street

Panama City, FL 32401

 

Phone: 850.785.5206

Fax: 850.763.6229

 

 

 

 

Governmental Affairs Update Workers Compensation
June 20, 2016

 

 The National Council on Compensation Insurance (NCCI) is recommending a 17.1% workers' compensation rate increase. The NCCI rate increase recommendation could take effect as early as August 1, 2016, following approval by the Florida Office of Insurance Regulation. 

According to NCCI, the workers' comp rate increase is the result of a recent Florida Supreme Court ruling that deemed Florida's attorney fee provision unconstitutional. These reforms were originally put in place in 2003 when Florida's workers' comp rates were the highest in the country. 

We encourage you to stay informed on the issue as things develop. The Chamber will work with other statewide organizations and the legislature to develop solutions.

 

If you have any additional questions, feel free to contact one of our staff members.

 

 

 

The mission of the Bay County Chamber of Commerce is to create superior value for all chamber members large and small, cultivate economic and personal development, promote and protect a competitive system of business, be a community leader while embracing Bay County’s opportunities and challenges.

 

Home     About the Chamber     Bay County     Visit     Relocate     Gallery     Find a Business     Calendar     Marketing     Business Resources

 

Copyright © 2017, Bay County Chamber of Commerce. | Webmail | Login

Site Developed by Panama City Beach Website Design and IT Support