FWCIGA Pushing for Large-Deductible Reform

By Michael Whiteley, Eastern Bureau ChiefThe Florida Workers' Compensation Insurance Guaranty Association and the state insurance consumer advocate plan to push lawmakers next session to require full collateral for large deductibles on workers' compensation policies and $1 million deposits for insurers with corporate ties to their customers.FWCIGA's governing board voted unanimously at a meeting on Nov. 30 to go forward with recommendations from its large-deductible working group. The board appointed the subcommittee after a string of insolvencies left the guaranty association liab...