Bedivere Insurance Company

Effective March 11, 2021Bedivere Insurance Company was ordered into receivership for the purposes of liquidation by the Commonwealth Court of Pennsylvania.

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.

90 days of Workers Compensation indemnity benefits will be prepaid by the Pennsylvania liquidator to allow for a smooth transition to FWCIGA.

Claimants who need to check on the status of an existing claim should call FWCIGA at (850) 386-9200.

2020 Assessment Reporting Update

Last November, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) notified you about its upcoming 2020 annual assessment process.  Pursuant to Section 331.914, Florida Statues, Members are required to file reconciliation reports with FWIGA within 120 days after 2020 assessment year and annually thereafter for three (3) years.  On March 1, 2021, Members received the first Annual Surcharge Reconciliation Affidavit through DocuSign to complete and return to FWCIGA by March 31, 2021. Completing the Affidavit is a simple process, similar to our quarterly filings submitted through DocuSign.  This Affidavit will combine data submitted in prior reports for Members to update policyholder surcharges reported and collected during 2020.

Just a reminder, our Board of Directors and staff continue to monitor FWCIGA’s liquidity and have determined that no additional assessment is needed after the 2020 Assessment Year.  Premiums and adjustments relating to 2020 policies, whether collected or adjusted in 2020 or thereafter, are part of the 2020 assessment process and will require ongoing remittance and reporting.  FWCIGA will continue its quarterly remittance process throughout calendar year 2021 as a convenience to our Members.

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/.

Audit & Accounting Services RFP

American Guaranty Fund Group (AGFG) is seeking proposals from firms interested in providing audit and accounting services.  AGFG is a service company created to provide management and administrative services related to all post-insolvency claims filed with Florida Insurance Guaranty Association (FIGA) and Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA).  The selection of a successful respondent and the execution of an agreement will be accomplished in accordance with Part II and Part V of Chapter 631, Florida Statutes, and the entities’ Plan of Operations.

Interested parties and questions related to the solicitation and submission of proposals should be addressed to:

Elizabeth Frisbie, Controller
AGFG
P.O. Box 15159
Tallahassee, FL 32317
(850) 523-1820
lfrisbie@agfgroup.org

2021 Assessment

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 1st through December 31st 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/.

2019 Assessable Premium Data Call Update

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.

2020 Assessment

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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Northwestern National Insurance Company

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.

Insurance Company of the Americas

Effective January 24, 2018, Insurance Company of the Americas (“ICA”) was ordered into receivership for the purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida.

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 or the Florida Receiver. No employers liability claim will be paid in excess of this cap.

Claimants who need to check on the status of an existing claim should submit inquiries to the Florida Receiver at Consumer.Services@myfloridacfo.com or by calling (850) 413-3081 or toll free at 1-800-882-3054.  New Claims should be sent to Rehab.ClaimsServices@myfloridacfo.com.

For non-claim related questions regarding the receivership, consumers are asked to contact the Receiver by email at Consumer.services@myfloridacfo.com or by calling (850) 413-3081 or toll free at 1-800-882-3054.  Additional information regarding the receivership process is available on the Florida Receiver’s website, www.myfloridacfo.com/division/receiver.