Guarantee Scores Court Victory but Still Under Supervision in Florida

A carrier that is forbidden from writing new workers’ compensation business in Florida due to financial issues scored a victory Friday when two federal judges upheld a $1.3 million judgment against one of its policyholders. Sullivan’s Administrative Managers must pay Guarantee Insurance Co. $1,376,537.35, plus interest, to atone for its alleged underpayment of premiums on four workers’ compensation policies. The 11th Circuit Court of Appeals’ decision had no immediate impact on Guarantee’s ability to write new business in Florida, which was suspended in...