Insurance Commissioner Orders Excess Workers’ Compensation Insurance Profits Returned
Insurance Commissioner Orders Excess Workers’ Compensation Insurance Profits Returned Florida Insurance Commissioner Kevin McCarty has ordered 6 workers’ compensation insurance carriers to refund $4.2 million in excess profits to their employer policyholders. “Excess profits” result when the workers’ compensation insurance carrier’s “underwriting gain” for workers’ compensation insurance exceeds its “anticipated underwriting profit” by a factor of 5%. See §627.215(7)(a), Fla. Stat. You ca
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