Top
Stories

Latest News

Florida Workers’ Compensation Insurer to Be Liquidated

A Florida judge has ordered First Commercial Insurance Co. and its subsidiary, First Commercial Transportation & Property Insurance Co., into liquidation, Florida’s Department of Financial Services said.

  • August 28, 2009
  • Comments (0)

A Florida judge has ordered First Commercial Insurance Co. and its subsidiary, First Commercial Transportation & Property Insurance Co., into liquidation, Florida’s Department of Financial Services said Wednesday, August 26.

The Florida Department of Financial Services has acted as the appointed receiver of FCIC and FCTPIC since July 10, when the companies consented to be placed in receivership for the purpose of rehabilitation.

Miami-based FCIC wrote workers’ compensation, commercial auto, general liability and multi-peril policies in Florida and Georgia, the Department of Financial Services said.

FCIC and its unit have approximately 18,000 in-force policies that are canceled effective September 23. The Department of Financial Services has been appointed receiver of both entities.

Filed by Roberto Ceniceros of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.

Leave A Comment

Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. You are fully responsible for the content you post.

Daily Q&A

How Do We Build a World-Class Recruiting Department?

I need to establish a strategic plan on how we can become a world-class staffing/recruiting department. Unfortunately, all the historical data from previous recruiting managers got tossed. Do you have any simple tips on how to begin this ambitious plan?

—World-Class Ambition, staffing manager, software/services, Pennsylvania

Read Answer

Stay Connected

Join our community for unlimited access to the latest tips, news and information in the HR world.

  • Workforce Technology (Monthly)

    Covering the latest technology trends, tools and applications that are shaping the workforce in the 21st century. Delivered the 2nd Wednesday of each month.

  • Dear Workforce (Bi-weekly)

    See what HR professionals are asking, and what Workforce Management experts are saying. Delivered the 1st and 3rd Thursday of each month.

  • Workforce Benefits (Bi-weekly)

    Stay current on all aspects of employee benefits, from health care to retirement issues. Delivered on Wednesdays.

  • Workforce Week (Weekly)

    Free weekly update on the trends in HR and new tools added to Workforce.com. Delivered each Tuesday.

  • Workforce Talent (Bi-weekly)

    See the recruiting, talent development and retention strategies of top companies and get the resources for effective talent management. Delivered the 2nd & 4th Thursday of each month.

  • Workforce Training (Monthly)

    Stay current on the latest strategies and resources for training and developing your workforce talent. Delivered the 4th Wednesday of each month.

HR Jobs

View All Job Listings

Search