posted on May 19, 2010 by Ted Bills

Florida Orders Insurers to Repay Policyholders

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.

Filed Under: Briefs, Insurance Bad Faith, Misconduct, Of General Interest

About Ted Bills

Ted Bills is the founder of Bills Law, LLC, a personal injury law firm dedicated to the representation of innocent victims of car accidents and other types of injury accidents. Ted is a native of Colorado Springs and he obtained his business degree from the University of Colorado and he completed his doctoral studies in law at Washburn University School of Law. Ted is licensed to practice law in all Colorado, Federal, and State courts. His practice areas include: Automobile Accidents, Pedestrian Accidents, Semi Truck and Bus Accidents, Wrongful Death, Catastrophic Injuries, Traumatic Brain Injuries, Spinal Cord Injuries, Insurance Bad Faith, and Medical Malpractice.

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Florida Orders Insurers to Repay Policyholders

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