Jimmy Patronis announces efficiency savings in workers’ comp oversight efforts

Jun 14, 2018

Florida employers will save nearly $20 million in workers’ compensation premiums next year because of “sound financial management” of the state’s two compensation trust funds, Chief Financial Officer Jimmy Patronis said Wednesday.

“Just last month, we announced that a 1.8 percent decrease in workers’ compensation rates could mean a $79.5 million savings for Florida businesses,” Patronis said in a written statement.

It was one of two rate decreases since Jan. 1, following a significant increase blamed on Florida Supreme Court rulings making it easier to litigate benefits disputes and secure permanent disability awards.

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