Work Comp Rate Increase Back On for December 1, 2016
Florida OIR Appeal Filed in Response to November 23, 2016 Ruling
On November 23, 2016, a Leon County Circuit Court Judge issued a ruling, effectively blocking the pending 14.5% Work Comp Rate increase scheduled to go into effect on December 1, 2016. The Court ruled that the insurers’ rating organization (NCCI) and state officials from the Office of Insurance Regulation (OIR) did not follow the state’s Sunshine Laws and open meeting requirements when setting the new rate.
The Florida Office of Insurance Regulation filed its Notice of Appeal on November 28, 2016 with the First District Court of Appeal in the Fee v. National Council on Compensation Insurance (NCCI)/Office court case. The appeal by OIR effectively holds the November 23, 2016 decision by the Leon County Circuit Judge until the case is reviewed by the First District Court of Appeals.
What does this mean?
The Workers’ Compensation rate increase WILL take effect on December 1, 2016.
LassiterWare Academy Webinar: Reduce the Financial Impact
LassiterWare invites you to review a recent webinar that was held, following the rate increase, to provide proactive strategies that business owners can take to strengthen their workers’ compensation program and reduce the financial impact.
To view this recording on our website: CLICK HERE
Overtime Rule Set for December 1, 2016 is Still on Hold by Texas Federal Judge
The Dec. 1, 2016, overtime rule was postponed by a federal judge in Texas. The injunction by Federal Court is Nationwide and at least temporarily blocks the Department of Labor regulation changes. This is a preliminary ruling and could be changed at any moment by a higher court, but for now the rule will not take effect as planned Dec. 1, 2016.
Until the final decision is reached, employers may continue to follow the existing overtime rule.
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