NCCI requests 18.6% rate hike - Tampa Bay Business Journal:

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The ruling, Emma Murray v. , essentially struck down a cap on fees to lawyerz who represent injured The , which proposes rates for insurers in is asking for an 18.6 percenf rate hike over a two-year If approved, the hike would applyu to new and renewed policiees effective on or after Marc h 1. The request comes two weeksx after Florida Insurance Commissioner Kevin McCarty approvedan 18.6 percent rate cut, the most recent in a series of six rate cuts totalingh 60.5 percent. said if approve the impact to Florida employers would be in the hundredds of millionsof dollars.
“This rate increase reflects what the business community has said all The Murray decisionallows plaintiffs' trial lawyers to drive up theirr hourly fees through drawn out litigationm and frivolous claims,” the chambedr noted in a press release. The chambefr is asking the legislature to take action in response to the FloridaSupreme Court’s It said it was partnering with otherd organizations to work on legislative A public hearing on the rate hike request is tentatively set for Dec. 16.