Florida-based workers compensation insurer AmCOMP Inc. has asked for a hearing to dispute Florida officials’ claim that its profits have been
excessive.
According to AmCOMP’s request for the hearing, the Florida Office of
Insurance Regulation is claiming that AmCOMP realized an excessive profit totaling $11.7 million in 2003, 2004 and 2005.
The insurer wants an administrative judge to hear its case that it does not
owe any excess profits for those years.
Source: AmCOMP
Topics Carriers Florida Profit Loss Excess Surplus Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Farmers Looks to Make it Easier for Consumers to Understand Insurance 
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak 
Air Taxi Service Across Parts of Florida Moving Closer to Reality 
Viewpoint: Is Your GL Policy Leaving You Exposed as Digital Risk Shifts? 
