The Florida Office of Insurance Regulation has sent the Legislature its 2009 annual report on the state of the workers' compensation market. While acknowledging that some business segments may have had trouble securing coverage, Commissioner Kevin McCarty said that overall, the market is doing well both in availability and pricing.
The report, which analyzed the availability and affordability of coverage for workers' compensation insurance in Florida for the calendar year 2008, concluded that the state's market is "competitive." Noting that there are 251 entities writing workers' compensation coverage in the state, the report said that of the six most populous states in the nation, Florida is "the largest market dominated by private market insurers, rather than a state sponsored residual market."
The entire report is available online at www.floir.com.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
