Florida-based workers compensation insurer AmCOMP Inc. has asked for a hearing to dispute Florida officials’ claim that its profits have been
excessive.
According to AmCOMP’s request for the hearing, the Florida Office of
Insurance Regulation is claiming that AmCOMP realized an excessive profit totaling $11.7 million in 2003, 2004 and 2005.
The insurer wants an administrative judge to hear its case that it does not
owe any excess profits for those years.
Source: AmCOMP
Topics Carriers Florida Profit Loss Excess Surplus Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
