Hartford to Refund Some Florida Workers’ Compensation Payments

By Staff Report

Aug. 17, 2009

The Hartford Financial Services Group will refund or credit $48.2 million to Florida employers for “excess profit” earned on workers’ compensation policies, Florida Insurance Commissioner Kevin McCarty announced Wednesday, August 12.

But Hartford has done nothing improper, a spokesman for the commissioner said.

Florida maintains a cap on the profit workers’ compensation insurers can reap. Market conditions, meanwhile, sometimes push insurers to exceed that cap, the spokesman said.

In total, insurers have refunded “excess workers’ comp profits” totaling $98.8 million this year, according to the spokesman.

While Hartford’s share of “excess profit” is more than double that of any other insurer in Florida, there are nine Hartford units writing workers’ comp insurance in the state, the spokesman said. The $48 million is the combined amount they all must refund.

The refunds are for accident years 2004, 2005 and 2006, and Hartford must provide them within 60 days.

Filed by Roberto Ceniceros of Business Insurance, a sister publication of Workforce Management. To comment, e-mail

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

blog workforce

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.

Book a call
See the software

Related Articles

workforce blog


Minimum Wage by State in 2023 – All You Need to Know

Summary 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

workforce blog


Exempt vs. non-exempt employees: knowing the difference

Summary Employees are exempt from FLSA requirements when they meet specific exemption criteria based on...

Department of Labor, exempt employees, Misclassification, non-exempt employees

workforce blog


California fast food workers bill: why it’s more than meets the eye and how to prepare

Summary: California signs bill establishing a “fast food council” that has the power to raise the indus...