The board of the Florida Workers' Compensation Joint Underwriting Association (JUA) removed the four members of its board appointed by the state's largest domestic and foreign carriers Friday as part of a reorganization mandated by the state legislature.
A departure for the JUA since its creation in 1993, the board said it made its decision by conference call "on the advice of its attorneys."
Until now, a majority of the governing board members has been appointed by the insurance industry. Three of the members have been named by the Cabinet serving as the state Financial Services Commission, and a fourth is the state insurance consumer advocate.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
