FWCJUA Deficit Bill Clears Senate

An attempt by state lawmakers to plug a multimillion-dollar deficit in the Florida Workers' Compensation Joint Underwriting Association and revamp its governance cleared the Florida Senate by a vote of 39-0 Tuesday. But Senate Bill 2118, which is aimed at bringing the 13-year-old entity under tighter state control, still faces heavy resistance from the association. FWCJUA argues it is one of the few success stories among Florida's hurricane-battered residual markets. Heavy losses from the 2005 hurricane season have tossed the 2006 legislative session into a final week of turmoil over how...