Regulators Order PEO Insurer into Liquidation

The liquidation of a small Florida insurer that covered professional employer organizations marked the end of what otherwise was a quiet year for workers' comp carrier insolvencies.A Leon County Circuit Court judge on Dec. 16 approved an order allowing Insurance Commissioner Kevin McCarty to liquidate Southern Eagle Insurance Co., a Bradenton-based carrier that had only 29 policyholders. McCarty had ordered the carrier to stop writing new policies on Nov. 22 and placed it into receivership on Dec. 6, according to the Division of Liquidation and Rehabilitation website.The liquidation order ...