Product
Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
Solutions
Compliance
Florida Workers’ Compensation Insurer to Be Liquidated
By Staff Report
Aug. 28, 2009
A Florida judge has ordered First Commercial Insurance Co. and its subsidiary, First Commercial Transportation & Property Insurance Co., into liquidation, Florida’s Department of Financial Services said Wednesday, August 26.
The Florida Department of Financial Services has acted as the appointed receiver of FCIC and FCTPIC since July 10, when the companies consented to be placed in receivership for the purpose of rehabilitation.
Miami-based FCIC wrote workers’ compensation, commercial auto, general liability and multi-peril policies in Florida and Georgia, the Department of Financial Services said.
FCIC and its unit have approximately 18,000 in-force policies that are canceled effective September 23. The Department of Financial Services has been appointed receiver of both entities.
Filed by Roberto Ceniceros of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.
What’s New at Workforce.com?
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Related Articles
Compliance
Minimum Wage by State in 2023 – All You Need to KnowSummary Twenty-three states and D.C. raised their minimum wage rates in 2023, effective January 1. Thr...
federal law, minimum wage, pay rates, state law, wage law compliance
Compliance
Exempt vs. non-exempt employees: knowing the differenceSummary Employees are exempt from FLSA requirements when they meet specific exemption criteria based on...
Department of Labor, exempt employees, Misclassification, non-exempt employees
Compliance
California fast food workers bill: why it’s more than meets the eye and how to prepareSummary: California signs bill establishing a “fast food council” that has the power to raise the indus...