Tallahassee, FL – Property Casualty Insurers Association of America (PCI) Regional Manager Logan McFaddin has issued the following statement regarding a recent 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.”