Information from Florida Office of Insurance Regulation re Workers’ Compensation Coverage 1/30/2006

Dec 20, 2006 | By

Please see the below Press Release from the Florida Office of Insurance Regulation. Should you have any questions or concerns, please do not hesitate to contact Colodny Fass.

 

1/31/06

Pursuant to subsection 627.211(6), Florida Statutes, the Office of

Insurance Regulation (Office) has conducted an analysis on the availability and affordability of workers’ compensation coverage and whether the current market structure, conduct and performance are conducive to competition, based on economic analysis and tests.

The report also documents that the Office has complied with the provisions of section 627.096, F.S., which requires the Office to investigate and study the data, statistics, schedules and other information as it finds necessary to assist in its review of workers’ compensation rate filings.