main menu page title feature menus content footer
My Florida C F O

CFO's Initiatives

Stay Connected

Follow the
Department of
Financial Services

Sign up for the CFO's
newsletter!

Press Release

News   RSS RSS   Press Office   Archive

CFO Jimmy Patronis: Workers’ Comp Rate Reduction is Good News for Florida Businesses

8/28/2018

For Immediate Release: Tuesday, August 28, 2018
Contact: Anna Alexopoulos Farrar, 850.413.2842, anna.farrar@myfloridacfo.com  

CFO Jimmy Patronis: Workers’ Comp Rate Reduction is Good News for Florida Businesses

TALLAHASSEE, Fla.—Florida Chief Financial Officer (CFO) Jimmy Patronis released the following statement on the National Council on Compensation Insurance's (NCCI) recent proposed workers’ compensation rate decrease of 13.4 percent for most employers in Florida.
 
“We’ve seen the cost of doing business in Florida continue to drop. The news that workers’ compensation rates will see a possible decrease of 13.4 percent is a testament to our commitment to ensuring Florida is an attractive place for all business owners.
 
“We must keep a vigilant eye on Florida’s workers’ compensation insurance marketplace to make certain we don’t return to the age of skyrocketing rates.”
 
###

About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a native Floridian and a member of Florida’s Cabinet, who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).