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Lawmaker Pushing to Remove Comp from Excess-Profits Law

Tuesday, January 3, 2012 | 0

By Michael Whiteley, Eastern Bureau ChiefA Jacksonville lawmaker is seeking to remove workers' compensation and employers' liability from Florida's controversial excess-profits law, which requires carriers to return premiums when they exceed 5% of anticipated underwriting profit.Rep. Daniel Davis, R-Jacksonville, filed House Bill 4169 on Dec. 20. It has not received committee action and is being opposed by Florida Insurance Consumer Advocate Robin Smith Westcott and Florida Workers' Advocates (FWA), a claimants' attorneys' group.Davis is president of the Northeast Flori...

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