December 2023 • Florida Pool Prosm 21 Classification Code Effective 4/1/2003 Effective 7/1/2010 Effective 1/1/2023 Effective 1/1/2024 Swimming Pool Construction 5223 $15.45 $3.60 $3.95 $3.13 Swimming Pool Service 9014 $10.76 $3.98 $2.99 $2.61 Contractor Exec Supervisor 5606 $5.32 $1.14 $1.35 $1.20 Retail Store 8017 $3.86 $1.41 $1.35 $1.20 Plumbing 5183 $12.45 $4.55 $3.38 $2.97 Clerical 8810 $0.72 $0.25 $0.15 $0.25 Outside Sales 8742 $1.41 $0.44 $0.29 $0.25 relative to premium, declined 4 percent in the past year. Private carrier plus state fund net written premium increased about 10 percent to $47.5 billion in 2022, just above the 2019 level.” Private carriers posted a calendar year combined ratio of 84 percent, the sixth straight year with a combined ratio below 90 percent. The NCCI analysis did not include COVID-19 claims and the organization is treating those as part of a catastrophic event. The actual filing was not available online, since it includes “trade secrets” and copyrighted information, OIR and NCCI said. Below is a table with the history of many rates which are relevant to the swimming pool industry: While rates in other lines of insurance continue to rise primarily due to litigation and catastrophe, workers’ compensation, being the most regulated insurance coverage in Florida, continues to experience rate reductions. INSURANCE UPDATE
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