Figures

May 7, 2007

$100 million

The dollar figure placed on an alleged nationwide workers’ compensation scam for which five men have been indicted. The investigation began in 2002 after the Florida Division of Workers’ Compensation issued a stop work order for failure to secure workers’ compensation against Jacksonville-based MiraLink Group Inc., an employee leasing company. Officials said another leasing firm, TTC Illinois, was also part in the scheme.

23.7%

The workers’ compensation loss cost increase being sought by the National Council on Compensation Insurance (NCCI) in South Carolina.

$317 million

The amount of unclaimed valuable and other property, including insurance payments, being held for pick-up by owners by Alabama’s state treasurer.

50,000

The number of property owners on the waiting list for the My Safe Florida Home program, a state-funded windstorm mitigation initiative. According to Florida Chief Financial Officer Alex Sink, these 50,000 are now the first priority and should expect to be served by the end of the summer.

$5 million

The amount approved by the Florida Senate as payment to the family of a Panama City teenager who died after being roughed up by boot camp guards last year. Gov. Charlie Crist proposed the $5 million settlement. The state has already paid Anderson’s parents $200,000, the most allowed by law without legislative approval. The bill would pay the remaining $4.8 million of the proposed settlement.

4%

The overall average auto insurance rate cut announced in Georgia by State Farm Mutual Automobile Insurance Co. In addition, State Farm announced a $62 million dividend in Georgia from which policyholders in the state will receive 11.2 percent of their semi-annual premium.

Topics Florida Workers' Compensation

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Insurance Journal Magazine May 7, 2007
May 7, 2007
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