Workers’ compensation costs per claim in Florida, which dropped in the year following system reforms in 2003, showed signs of growth from 2005 to 2009, according to a new study. The WCRI study found that the average indemnity cost per …
Florida small businesses seeing their second workers’ compensation rate increase in as many years are calling on the state to reduce the increase because they fear it will harm the economy. A small business group is asking that the increase …
The state’s annual report on workers’ compensation insurance says Florida’s market is “competitive,” and availability of coverage is not a significant problem. The Office of Insurance Regulation issued the report. The clean bill of health contrasts with problems plaguing Florida’s …
A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services Group recently announced that through its wholly-owned subsidiary, Zurich American Insurance Co., …
A North Carolina man has been sentenced to four years in a Florida prison and ordered to pay more than $3.1 million in restitution after pleading guilty in a workers’ compensation fraud case, according to officials. Florida Chief Financial Officer …
Florida officials are looking for ways to reduce the state government’s workers’ compensation costs and considering changing some mandates that grant first responders automatic benefits and reducing prescription drug costs. Florida Division of Risk Management Director R.J Castellanos told the …
Employers in Florida will be paying more for workers’ compensation coverage next year following the state insurance chief’s approval of an 8.9 percent statewide average rate hike. Florida Insurance Commissioner Kevin McCarty said that he will approve the 8.9 percent …
Florida employers could have to pay more in workers’ compensation premiums if regulators go along with a proposed statewide average 8.9 percent rate hike. The rate change may also trigger legislative action to clamp down on doctor-dispensed drugs and the …
