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JUA Plans to Retire Debt Without State Funds

Friday, July 11, 2008 | 0

The Florida Workers' Compensation Joint Underwriting Association (FWCJUA) told state officials it will need no help from the state to retire a $6.3 million deficit in its former Subplan D.The state's residual carrier, which lawmakers reorganized a year ago to qualify it for tax-exempt status, has seen losses go down and surpluses rise since the workers' compensation reforms of 2003.Executive Director Laura Torrence sent Insurance Commissioner Kevin McCarty a letter Tuesday asking the Office of Insurance Regulation to approve a plan by FWCJUA consultant Milliman to use money from th...

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