As of January 1, 2008, the workers’ compensation rate in the State of Florida will decrease by 18.4%.  On October 22, 2007, Florida Insurance Commissioner McCarty requested the National Council on Compensation Insurance make an amended filing to increase the originally proposed 16.5% reduction, as previously reported about here.  Commissioner McCarty believes the rate reduction will save Florida employers over $700 million.  To view a copy of the press release, click here.