FWCJUA Market Share Growing

The Florida Workers' Compensation Joint Underwriting Association generated a 106% increase in premiums in 2012 and increased its market share from 0.5% to 0.9%, the state residual market carrier reported.FWCJUA included the market analysis in an agenda published Thursday for the Aug. 16 teleconference meeting of its Reinsurance Committee. "Looking ahead, staff anticipates that the FWCJUA will grow through 2013, given the current economic environment to include continued depressed interest rates and the perceived need to improve results within the voluntary market regardless of any rate rel...