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El Oficial Principal de Finanzas Jimmy Patronis Anuncia Más Reducciones de Costos de Compensación por Accidentes de Trabajo para Negocios de la Florida

6/13/2018

For Immediate Release: Wednesday, June 13, 2018
Contact: Anna Alexopoulos Farrar, 850.413.2842, anna.farrar@myfloridacfo.com 

El Oficial Principal de Finanzas Jimmy Patronis Anuncia Más Reducciones de Costos de Compensación por Accidentes de Trabajo para Negocios de la Florida

TALLAHASSEE, Fla.—Florida Chief Financial Officer (CFO) Jimmy Patronis announced today additional workers’ compensation cost reductions that will save carriers an estimated nearly $20 million in 2019, allowing carriers to help further alleviate costs on Florida businesses. These reductions are a direct result of the sound financial management of the Workers’ Compensation Administration Trust Fund (WCATF) and the Special Disability Trust Fund (SDTF), two funds that workers’ compensation carriers contribute to.
 
CFO Jimmy Patronis said, “Just last month, we announced that a 1.8 percent decrease in workers’ compensation rates could mean a $79.5 million savings for Florida businesses. Reducing the cost of doing business for workers’ compensation carriers by $20 million means additional savings could be passed on to Florida businesses, easing financial burdens. Anytime we can reduce the cost of doing business we should. Doing so supports our neighborhood businesses and ultimately, both our local and state economy.” 
 
Background:
Legislative changes in 1997 resulted in the SDTF being prospectively abolished and statutorily prohibited from accepting any new claims for dates of accident after December 31, 1997. However, in accordance with Florida law, insurers and individual self-insured employers continue to be assessed to fund a small number of older claims. Further, fiscally responsible management of the WCATF has allowed for assessment rates to be reduced.
 
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Acerca del Oficial Principal de Finanzas Jimmy Patronis
El Oficial Principal de Finanzas y Jefe de Bomberos del Estado Jimmy Patronis es oriundo de la Florida y miembro del Gabinete de la Florida, que supervisa el Departamento de Servicios Financieros. El Oficial Principal de Finanzas Patronis trabaja todos los días para luchar contra el fraude de seguros, apoyar a los bomberos de la Florida y garantizar que las finanzas del estado sean estables para respaldar el crecimiento financiero del estado. Siga las actividades del Departamento en Facebook (FLDFS) y Twitter (@FLDFS).