• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video
You are here: Home / Business / CFO Jimmy Patronis: Reduction of Workers’ Comp Rates Could Save Florida Businesses More Than $79 Million

CFO Jimmy Patronis: Reduction of Workers’ Comp Rates Could Save Florida Businesses More Than $79 Million

Posted on May 1, 2018

Florida Chief Financial Officer (CFO) Jimmy Patronis today released the following statement on the Office of Insurance Regulation’s (OIR) approval of a 1.8 percent decrease in workers’ compensation insurance rates for Florida businesses. The National Council on Compensation Insurance (NCCI) submitted the rate reduction request because of the federal Tax Cuts and Jobs Act of 2017.

“My office estimates that the 1.8 percent decrease could be a savings of $79.5 million and is a good move that will help further reduce cost burdens on Florida businesses. The estimated $79.5 million is a significant savings for our business community who support local economies, employ our neighbors, and give back to our communities. We must continue to do all we can to support and fuel Florida businesses, the backbone of our economy.”

Share this article! Share on FacebookShare on Twitter

Filed Under: Business, Soup Du Jour Tagged With: CFO Jimmy Patronis, Insurance Rates, workers' comp

Primary Sidebar

    Submit News    

Senate Unanimously Passes Balanced Budget, Ensures Significant Reserves as Economy Recovers

Key investments in child welfare, minimum wage - New infrastructure plan mitigates impacts of sea level rise, … [Read More...] about Senate Unanimously Passes Balanced Budget, Ensures Significant Reserves as Economy Recovers

Senate Passes Comprehensive Plan to Invest in Florida’s Infrastructure

The Florida Senate today passed Senate Bill 2512, Documentary Stamp Tax Distributions, and Senate Bill 2514, … [Read More...] about Senate Passes Comprehensive Plan to Invest in Florida’s Infrastructure

27 arrested in Operation No Warning

Suspects were a major supplier of cocaine in Leon and Gadsden counties Florida Department of Law Enforcement … [Read More...] about 27 arrested in Operation No Warning

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2021 Capital Soup · All Rights Reserved ·