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Loss Data Still Needed When Carrier Goes Bust, Bill Says

By William Rabb (Reporter)

Friday, February 26, 2021 | 0

The legacy of Patriot National, parent company of one of the largest Florida workers' compensation carriers to become insolvent as its CEO was accused of spending millions on a yacht and other non-business items, continues with state officials hoping a bill in the Legislature will help avoid ratemaking complications that could result from future bankruptcies. “If a major carrier becomes insolvent, it could really have an impact on the data that's considered for ratemaking,” said Tom Streukens, executive director of the Florida Workers' Compensation Insurance Guaranty A...

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