Working Group Calls for Collateral on Large-Deductible Policies

By Michael Whiteley, Eastern Bureau ChiefA working group of the Florida Workers' Compensation Insurance Guaranty Association (FWCIGA) is calling for state lawmakers to require full collateral for the deductible portion of large-deductible workers' compensation policies and to limit the size of deductibles according to each policyholder's net worth.FWCIGA's governing board is scheduled to consider the proposals at a meeting in Orlando on Friday. The proposals follow the failure, since 2009, of at least three workers' compensation insurers that provided coverage for the profe...