Unfunded Liability for Special Disability Fund Drops 21%

Florida’s second-injury fund, closed in 1998, had an estimated unfunded liability of $437 million on June 30 — 21% less than last year’s estimate, according to an independent actuarial report released Friday. AMI Risk Consultants said the Special Disability Trust Fund paid $34.1 million to settle claims since June 2017 and experienced reduced ultimate loss estimates of $73.3 million. That brought the projected unfunded liability down, from $554 million. The number of open claims dropped, to 2,673 in 2018, from 4,400 the prior year as the fund worked to close files. The fund...