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: Bodily Injury Blog

Florida Orders Insurers to Repay Policyholders

By Edward Bills

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In Florida, a group of workers’ compensation insurance companies has been ordered to repay millions of dollars in excess profits to policyholders. Florida Insurance Commissioner Kevin McCarty announced this week that 16 insurers must pay a total of $9.4 million back to their customers. State law requires workers? compensation insurers to return excess profits. Data showed that the 16 insurers had realized excess profits in 2005, 2006 and 2007. The companies have 60 days to comply with the order.

Full post as published by Bodily Injury Blog on May 19, 2010 (boomark / email).

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