Roofers wary of lower workers' comp rates
Leaders of the Florida Roof ing and
The arguments came during a hearing held by the
While it might seem counterintuitive for an industry group to oppose reducing rates, leaders of the roofing contractors association - which has a self-insurance fund - expressed concerns about stability and a potential increase in future claims.
"FRSA believes that considering recent hurricanes and those over the past few years, we will begin to see more inexperienced labor hired as contractors struggle to keep up with the growing demand for work,"
The
As an example, regulators approved a 15.1 percent decrease that took effect this year and an 8.4 percent decrease that took effect in 2023.
During Tuesday's hearing, NCCI officials presented their 2025 proposal. A summary released in August by NCCI described the workers' compensation system as "healthy" and said that while "consumer inflation has been elevated, the inflation for workers' compensation medical costs remained stable." It also said a combination of continued claims "frequency declines and moderate benefit costs at or below the level of wage growth, have continued to put downward pressure on overall WC (workers' compensation) system costs relative to collected premiums."
But the proposed overall 1 percent decrease reflects numerous types of employers. Pate said what is known as a roofing rate "class code" would see a 7.89 percent decrease. She described such a rate as "unsustainable."
Tuesday's hearing came six days after the Category 3 Hurricane Milton made landfall in


Most Californians aren't insured for quakes
Health First Health Plans brings Parrish's facilities 'in network' for customers
Advisor News
- Main Street families need trusted financial guidance to navigate the new Trump Accounts
- Are the holidays a good time to have a long-term care conversation?
- Gen X unsure whether they can catch up with retirement saving
- Bill that could expand access to annuities headed to the House
- Private equity, crypto and the risks retirees can’t ignore
More Advisor NewsAnnuity News
- New York Life continues to close in on Athene; annuity sales up 50%
- Hildene Capital Management Announces Purchase Agreement to Acquire Annuity Provider SILAC
- Removing barriers to annuity adoption in 2026
- An Application for the Trademark “EMPOWER INVESTMENTS” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Bill that could expand access to annuities headed to the House
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Judge tosses Penn Mutual whole life lawsuit; plaintiffs to refile
- On the Move: Dec. 4, 2025
- Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
- Seritage Growth Properties Makes $20 Million Loan Prepayment
- AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
More Life Insurance News