Recent legislative changes in Florida will likely result in higher workers’ compensation expenses for all employers.
When? While the decision is pending review in the appellate courts, as of 12/1/16, a 14.5% increase will apply to new and renewal Florida workers' compensation policies.
Why? Reforms in 2003 resulted in an about a 70% overall reduction in workers' compensation rates in the state of Florida over the past 13 years. Two key provisions of the 2003 reforms were recently overturned by the Florida Supreme court which could result in a changing of the tide by washing away years of savings. These two trials arethe cause...
Castellanos vs Next Door Company
The Florida Supreme Court recently ruled on the much anticipated Castellanos case that challenged the limitation of attorney fees in workers’ compensation cases. The decision will likely increase litigation, which will increase claims costs, which will drive up premiums, increase litigation on current and new claims, increase the number of verified free petitions and more.
Westphal vs. City of St. Petersburg
The case challenged the 104 week cap on indemnity benefits that was passed during the 2003 workers' compensation reform bill. The court concluded that the 104-week cap on temporary total disability benefits results in a statutory gap in benefits and violates the constitutional right of access to court. This decision will drive the cost of claims up.
What can you do?
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