Florida Insurance Commissioner Mike Yaworsky issued a Final Order Monday, approving a 6.9% statewide rate decrease for workers’ compensation insurance policies, effective for all new and renewal policies starting January 1, 2026.
This marks the ninth consecutive year Florida has lowered its workers’ compensation rates, providing ongoing financial relief for businesses throughout the state. The substantial reduction was proposed by the National Council on Compensation Insurance (NCCI).
Commissioner Yaworsky highlighted the positive impact of the decision on the state’s economy.
“I am pleased to approve a substantial rate cut of 6.9% for Florida’s workers’ compensation policies this upcoming year. This rate decrease directly translates to reduced operating costs for businesses, encouraging investment and growth throughout Florida’s economy,” said Commissioner Mike Yaworsky. “This also marks the ninth consecutive year of rate decreases for workers’ compensation policies—more evidence of Florida’s success in managing risk and maintaining a competitive insurance environment.”
The rate decrease will provide significant, sustained savings for Florida employers. The decision follows a virtual public hearing hosted by the Office of Insurance Regulation (OIR) regarding the rate proposal.
READ: Op-Ed: Lawsuit Abuse Impacts Family Affordability In Florida
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