Author: Cavondra Ball

On November, 13, 2020, the FWCIGA Board of Directors met and discussed 2020 assessment cash flow impacts and future assessment needs.  After deliberations, the Board determined the cash position to be adequate and no additional assessment is needed after the current 2020 assessment levy expires December 31, 2020.  All new and renewal policies issued (incepting) effective January 1, 2021 are not subject to an assessment, nor surcharge.

The 2020 FWCIGA assessment covers new and renewal policies issued (incepting) from January 1^st through December 31^st 2020. Through September 30, 2020, FWCIGA has collected over $29M in assessment surcharges from its members.  Premiums and adjustments relating to the 2020 policies, whether collected or adjusted in 2020 or during the three following years, are part of the 2020 assessment process and will require ongoing remittance and reporting.

If you have any further questions, please do not hesitate to contact us at (866) 909-9200 or send us a comment at https://fwciga.org/contactus/.

The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) has an important announcement concerning the status of the 2019 Premium Data Call.  In prior years, a data call was conducted annually to determine the premium base for possible future assessments.  The Florida Office of Insurance Regulation issued a 1.0% assessment levy on all new and renewal policies with effective dates beginning January 1, 2020 through December 31, 2020.   Given that FWCIGA is already collecting 2020 premium information, we decided not to conduct a premium data call for the 2019 calendar year.  If you have any questions, please contact FWCIGA at (850) 386-9200.

The FWCIGA Board of Directors certified the need for a 1.0% assessment on its member insurers at its June 18, 2019 meeting.  The Florida Office of Insurance Regulation issued a 1.0% assessment levy on all new and renewal policies with effective dates beginning January 1, 2020 through December 31, 2020.  Assessments will be due the FWCIGA quarterly after applying and collecting a 1.0% surcharge to all workers’ compensation and excess workers’ compensation policies.

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Effective May 2, 2019, Northwestern National Insurance Company (“NNIC”) was ordered into receivership for the purposes of liquidation by the Dane County Wisconsin Circuit Court.

With the entry of the liquidation order, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) has been activated to help pay outstanding claims for workers’ compensation policies.  The processing and payment of covered claims will be made by FWCIGA.  There is no cap on claims for workers’ compensation benefits.  Claims made under the employers’ liability portion of the workers’ compensation policy are limited to the lesser of policy limits or $300,000.  For more information see the FAQ section of this website. No claim will be paid in excess of this cap.

Eight weeks of Workers Compensation indemnity (only) claim benefits are being prepaid by the Wisconsin liquidator to allow for a smooth transition to FWCIGA.

Claimants who need to check on the status of an existing claim should call FWCIGA’s third party administrator, USIS, Inc. (“USIS”) at (800) 444-9098, extension 6550.  Policyholders who need to report a new claim are directed to fax the First Notice of Injury to USIS at fax number (407) 352-5788 or the First Notice of Injury can be scanned and emailed to USIS at claimreporting@usis-tpa.com.

The Florida Office of Insurance Regulation issued a 1.0% assessment levy on all new and renewal policies with effective dates beginning January 1, 2020 through December 31, 2020.

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