Workers’ comp rates look sunny — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Workers’ comp rates look sunny

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Workers’ comp rates will drop 18.4% next year, the fifth consecutive decrease since Florida’s system was overhauled in 2003.

The National Council on Compensation Insurance originally filed for a 16.5% reduction, but state Insurance Commissioner Kevin McCarty pushed for deeper cuts. His office estimates the reduction will save Florida employers $700 million in 2008.

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