American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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  • FOR RELEASE ON RECEIPT
  • January 25, 2017
  • PCI Statement on House Insurance & Banking Subcommittee Hearing on Issues Relating to Florida’s Workers’ Compensation System
  • Tallahassee, Fla. — The Property Casualty Insurers Association of America (PCI) today issued the following statement attributed to its Regional Manager Logan McFaddin regarding the panel discussion on Florida’s workers’ compensation system by the Florida House Insurance & Banking Subcommittee.

    “Insurers appreciate the subcommittee panel discussion on the current state of the Florida workers’ compensation system. PCI and our members believe the current Florida workers’ compensation system provides essential benefits to injured workers in a timely, efficient and economically sound manner, and the wage-replacement benefit system balances the interests of employees and employers. 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.

    “Workers’ compensation insurers are dedicated to fostering a healthy market for workers’ compensation that accommodates employee and employer needs. If you allow frivolous lawsuits with high dispute resolution costs to disrupt the system, it can be detrimental to the stabilization of the marketplace. It’s important to continue to provide quality care benefits to injured workers at a reasonable cost.

    “We encourage lawmakers to work toward a solution that protects workers, while fostering a healthy Florida marketplace so the burden of workers’ compensation costs don’t fall on employers and employees.”

  • 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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