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6 Fla. Workers' Comp Cos. Ordered to Refund 'Excess' Profits
Southeast News February 20, 2008
Florida Insurance Commissioner Kevin McCarty has ordered six workers' compensation insurance companies to return $4.2 million in what his agency says are excessive profits to their ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: Excess Profits | TAR | Feb 22, 2008, 7:32 am |
| RE: RE: Excess Profits | Ratemaker | Feb 22, 2008, 7:13 am |
| RE: America or Cuba? | Shared Misery | Feb 21, 2008, 10:15 am |
| RE: Can you have excess profits? | Stat Guy | Feb 21, 2008, 9:10 am |
| RE: Excess Profits | joe | Feb 20, 2008, 4:54 pm |
| Excess Profits | Larry Napoletano | Feb 20, 2008, 3:24 pm |
| Can you have excess profits? | lastbat | Feb 20, 2008, 3:15 pm |
| America or Cuba? | Vlad | Feb 20, 2008, 2:26 pm |
| RE: Excess Profits - Let's apply this to ALL forms of Bus. | Derivatives101 | Feb 20, 2008, 1:08 pm |
| RE: RE: RE: Excess Profits | Tar | Feb 20, 2008, 12:50 pm |
| RE: RE: Excess Profits | Key West Agent | Feb 20, 2008, 12:46 pm |
| RE: Excess Profits | CT | Feb 20, 2008, 12:40 pm |
| Refund allocation to policyholder | dot_hemath | Feb 20, 2008, 12:28 pm |
| Excess Profits | Karen | Feb 20, 2008, 11:42 am |
| Back to article | ||


Subject: RE: America or Cuba?
I don't understand how anyone could be against this; let's look at what this allows and creates in the marketplace....
Since carriers can't make an "unseemly" profit in one year to set aside funds for the next year, they have to charge higher rates each year because there is no may to accurately how many employees are going to fall off of a roof during the year (sure, there is a best guess estimate, but people and storms don't live up to the predictions).
So, the benefit is the rates remain artifically high and the the government can say it is protecting the consuming public.
Socialism is great, the equal sharing of misery and woe.