American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • FOR RELEASE ON RECEIPT
  • December 13, 2016
  • PCI Statement on Workers’ Compensation Update by Florida Senate Banking & Insurance Committee
  • Tallahassee, Fla. — The Property Casualty Insurers Association of America (PCI) today issued the following statement attributed to its Regional Manager Logan McFaddin regarding the workers’ compensation update given by the Florida Senate Banking & Insurance Committee.

    “The Senate Banking & Insurance Committee presentation reconfirms that we need a workers’ compensation system in Florida that employers and employees can rely on.  Simply put, the current workers’ compensation system is broken, allowing trial lawyers to line their pockets while injured workers suffer and Florida employers struggle to compete.

    “The Florida Appellate Court order is a good step for the Florida workers’ compensation system, as it brings more certainty and stability for employers and workers. We continue to support the 2003 Florida workers’ compensation reforms that were put in place to protect the interests of employees, as well as help control costs for business owners.

    “This session, we must work with Florida lawmakers on solid solutions that will allow us to return to a marketplace where injured workers are protected and benefits can be provided at reasonable, affordable rates.  PCI believes the Office of Insurance Regulation and NCCI will ultimately prevail in their appeals.”

  • PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $202 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 27 percent of the homeowners market, 33 percent of the commercial property and liability market and 34 percent of the private workers compensation market.
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