Today’s issue of WorkCompRecap features the recent release of the Florida Office of Insurance Regulation’s 2013 Annual Report, which evaluates competition in Florida’s workers’ comp market.
Key findings from the report included that based on 2012 data, of the six most populous states, Florida was one of two where private market insurers dominate the market. Additionally, Florida ranked fourth nationally with over $2 billion in written premium in the workers’ comp market. OIR’s overall conclusion was that Florida’s market is not overly concentrated, and remains competitive.
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