Florida announces $27.6M comp premium refund

Nearly 13,000 workers compensation policyholders in Florida will receive premium refunds totaling $27.6 million, the state’s chief financial officer announced Wednesday in a statement.

Policyholders of the Florida Workers Compensation Joint Underwriting Association, a self-funding plan for employers unable to purchase insurance in the voluntary market, will be eligible for the premium refund, which Florida’s CFO, Jimmy Patronis, said will help “employers re-open and get back to work.”

The last time the association announced a policyholder refund was in 2013.