Amtrust ranked 3rd Largest Workers Compensation Carrier in the US

Exciting news for our friends at Amtrust as they have now become of the 3rd largest provider of workers’ compensation in the country.
Below is their official announcement on this tremendous accomplishment!


AmTrust ranked 3rd-largest Workers’ Comp carrier in U.S.  

Dear Agent Partner,

We’re proud to relay that a recently released workers’ comp market share report conducted by Aon Benfield indicates that AmTrust is now the 3rd-largest workers’ comp carrier in the U.S.

This confirms similar findings in a report conducted in April this year by SNL Financial, which also ranked AmTrust as the 3rd largest workers’ comp carrier nationwide. These reports demonstrate our ongoing growth and committment to the workers’ comp market. 

What’s more, AmTrust continues to experience unprecedented growth across all lines of businesses, including our Businessowners Policy, Commercial Auto, EPLI and General Liability products, all of which serve as a perfect complement to our Workers’ Comp product. Recently, we introduced a new Cyber Liability product to cover the growing risk of a data breach for small businesses. 

AmTrust’s financial strength and unprecedented growth signal a bright future ahead:

  • “A” (Excellent) rating for financial strength by A.M. Best, financial size category (FSC) “XIV”
  • Publicly traded on the NASDAQ Global Market under the stock symbol AFSI
  • Ranked as best-managed insurance company in U.S. by Forbes magazine in 2014
  • Innovative technology: Our web-based quote, binding and policy access system, AmTrust Online, is simple, efficient, accurate and available 24/7

For more information about how AmTrust can better serve your customers’ needs, please contact your regional sales manager or visit our website


AmTrust North America

Marketing Department  





Please do not reply to this message. Replies to this message are routed to an unmonitored mailbox. If you have questions, please email: You may also call us at 877.528.7878 or visit our website:

AmTrust North America   800 Superior Avenue E.  21st Floor  Cleveland,  OH   44114   

Staff One in Fortune 5,000 for Second Straight Year

Congratulations Mark!  Quite an accomplishment for you and your team…


NEW YORK, Aug. 18, 2016 /PRNewswire/ — Inc. magazine today ranked Staff One HR No. 3,552 on its 35th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

“We are excited to consistently push forward and grow on a national level,” said Mark Sinatra, CEO of Staff One HR. “When we focus on our clients and help them grow their businesses, that’s when we find our business growing as well. This ranking is illustrative of the time and effort our team puts in each day, and we are honored to have made this year’s list again.”

The 2016 Inc. 5000 is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 5000 can be found at

“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”

The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX. Speakers include some of the greatest entrepreneurs of this and past generations, such as best-selling author and strategist Tony Robbins, SoulCycle co-founders Elizabeth Cutler and Julie Rice, Cornerstone OnDemand founder, president and CEO Adam Miller, Marvell Technology Group director and co-founder Weili Dai, and New Belgium Brewing co-founder and executive chair Kim Jordan.

About Staff One HR

Staff One HR is an HR outsourcing company providing PEO, ASO and recruiting services.  Based in Dallas with clients in 44 states, Staff One HR also earned a spot on the 2015 Inc. 5000 and has been in business since 1988.  With an ESAC accredited PEO service offering, Staff One HR provides HR consulting and compliance, employee benefits, workers’ compensation/safety, and payroll/tax administration for our clients.  As a result of their services, Staff One HR’s clients typically realize: reduction in employee turnover; elimination of employer liability; and achievement of key business milestones (e.g. Best Places to Work).  Clients gain the ability to reinvest their time and focus on their core business so they can outpace their competition. For more information, please visit

More about the Inc. 5000

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million.

To view the original version on PR Newswire, visit:–the-inc-5000-300315263.html

The Workers’ Compensation Institute (WCI) Hits Orlando

It was my 17’th WCI today and it keeps getting bigger and better!

Congratulations to Mssrs. Jim McConnaughhay and Steve Rissman for another stellar turn out at the annual conference.

It was fun to speak with Ray Neff today about how they (Jim and Steve) both reinvented a stagnant state-run association into the dynamo it is today some 30 years later.  The biggest insurance conference in the world for years and just keeps improving on itself. Seemed the conventions were just a tad different before their leadership and vision.

Hoping to see many in the audience tomorrow at the PEO breakout session that has been going on for years based on their support.  The revised agenda below…

PEO Onsite Program WCI 8.23.16

Thanks Steve and Jim for your continued support of the PEO industry!

Let’s turn out to make sure we say thanks for their support.


Employers scramble over skyrocketing specialty drug costs

Much has been studied over recent years regarding the uptick in healthcare expenditure driven by drug costs.  In the not to distant past, we, as a society, were not consistently bombarded with daily ads by the pharmaceutical companies. Today however, regardless of media outlet, it’s become impossible to avoid redundant adverts from “Big Pharma”.  You’ll also find an undeniable truth and commonality with all correspondence related to any and all ads:  cost is never discussed, just the proposed remedy (and the fun side-effects).

The attached link offers realtime insight as to concern, and analysis thereof, in the area known as “Specialty Pharma”.  In short, Specialty Pharma can generally be defined as the most expensive, most advanced, and most advertised drugs on the market.  As such Specialty Pharma has quickly become a focal point in the industry.  While medicinal and pharmaceutical advancements are incredible for quality and preservation of life, as a wise man once said: “there’s no free lunch”.

As we look at the booming growth within PEOs, this topic should be one of careful consideration in regards to control measures as they relate to cost containment.

Employers scramble over skyrocketing specialty drug costs 8-19

Engage PEO Hits INC 500/5000

It is with great pride that I announce that our friends at Engage have hit the INC 500/5000 for 2016!  Hitting the 5000 is a big enough deal but in the top 500 growth companies in the United States is a very special accomplishment.  Congratulations Jay, Midge and the rest of the Engage team!

“Inc. ranked Engage as the 127th fastest-growing private company in the country. The report notes that Engage’s three-year revenue growth exceeded 2,700 percent. Engage ranked as the fastest growing professional employment organization, second among all human resource companies, and 12th of all companies in Florida.”

Having started operations less then five years ago, Engage has grown its coemployee base to almost 25,000 employees at present.  With a focus on healthcare and human resources, the firm’s average client size is arguably almost triple the industry norm at over 60 employees.  With recent hirings of industry stalwarts Steve Scott and Craig Hill, it is my opinion that this is just the opening chapter for Engage.

Congratulations !



Healthcare Reform – Special Rules for PEOs and Temporary Staffing Firms

As we are all aware, the Affordable Care Act imposes a penalty on large employers that do not offer affordable, minimum value coverage to their full-time employees and dependents. The Treasury published final rules on the employer mandate as well as considerations for non-traditional businesses. The attached legislative brief describes how these rules apply to temporary staffing firms and PEOs.

HCR – PEOs and Temporary Staffing Agencies JH1


James F. Hughes
Vice President
Libertate Insurance, LLC
C – 813.335.1588
O – 407.613.5475

What does $1 Billion Mean to the Florida Workers’ Compensation Insurance Marketplace?

 Gulp.  Potentially, a great deal if one is on, or has been on, a large deductible or other type of loss sensitive program at present.


Of note is that Florida’s private workers’ compensation system was about $2.6B as of year end 2014 in total and we are looking to add a billion onto that… just in retrospective loss exposure.  Last year’s report on the Florida Workers’ Compensation System done each year by the Florida Senate.


“This cost will be borne by insurance companies, individual self-insured employers, and employers with deductible policies (due to growth in out-of-pocket costs, or in other words, the amount that the employer agreed to pay on losses up to the deductible threshold).”


This announcement does nothing to impact the go-forward rate need still set at an aggregate 19.6% which is yet to be decided upon.  While some rate increase is anticipated to go into effect for all Florida policyholders regardless of their Anniversary Rating Date on 10.1.16, the exact amount is still not known   This analysis only looks at the impact of pre 10.1.16 losses.

It is good time to make sure you have your loss data in place and claims closed.


NCCI Estimates Florida Supreme Court Decisions Create Workers Compensation Unfunded Liability Potentially Exceeding $1 Billion


NCCI has estimated that the combined total statewide unfunded liability related to the Florida Supreme Court’s decisions in (1) Emma Murray, (2) Castellanos, and (3) Westphal could potentially exceed $1B. This cost will be borne by insurance companies, individual self-insured employers, and employers with deductible policies (due to growth in out-of-pocket costs, or in other words, the amount that the employer agreed to pay on losses up to the deductible threshold).

These court decisions are expected to increase overall system costs in Florida for certain accidents occurring prior to 10/1/2016. The unfunded liability relates to costs that cannot be recouped through revising Florida workers compensation rates. Therefore, the unfunded liability is an additional cost over and above the proposed 19.6% increase in Florida workers compensation rates proposed effective 10/1/2016. If the filing effective date of 10/1/2016 is delayed, the unfunded liability will necessarily grow.


Two recent Florida Supreme Court decisions, Castellanos and Westphal, have retroactively changed Florida’s workers compensation law. Prior to these decisions, the last Florida Supreme Court decision to retroactively change Florida’s workers compensation law was Emma Murray in 2008. Each of the above retroactive changes in the law has resulted in additional workers compensation claims costs for certain claims. The chart below describes the type of claims retroactively impacted by each Florida Supreme Court decision.Screen Shot 2016-08-04 at 5.10.18 PM

Workers compensation ratemaking does not address the added costs associated with these claims because ratemaking is prospective. As an example, the rates approved by the Florida Office of Insurance Regulation in 2014 for use on a Florida policy effective from 1/1/2015 to 12/31/2015 were calculated based on the law in effect during 2014. An injury that occurred on 7/1/2015 is expected to be paid for by the premiums collected on the 1/1/2015 policy—even if the claim remains open for 20 or more years. When there is a retroactive change in the law that results in additional costs, there is no ability to go back and amend the 1/1/2015 Florida workers compensation rates in order to collect additional premium for the 2015 year. Nor is there any other current method for collecting additional premium for that 1/1/2015 policy. As a result, any additional costs incurred must be absorbed by the insurers that wrote those policies, or in the case of individual self-insured employers and employers with deductible policies, by each employer.

On occasion, the Florida Legislature will change the law in response to decisions of the Florida Supreme Court. Any legislative changes to Florida law under this scenario would apply only on a going-forward basis. This occurred subsequent to Emma Murray. After the Emma Murray decision on 10/23/2008, the Florida Legislature enacted a change to the attorney fee law which was effective on 7/1/2009. The retroactive impact of Emma Murray remained however for open or re-opened claims for accidents occurring between 10/1/2003 and 6/30/2009. Similarly, any potential legislative response to Castellanos or Westphal would apply on a going-forward basis and would not address the additional workers compensation costs for claims retroactively impacted.

Retroactive Impact of Castellanos and Westphal Decisions Are Not Part of the Proposed 10/1/2016 Rate Increase

On 6/30/2016, NCCI submitted to the Florida Office of Insurance Regulation (OIR) an amended filing proposing an increase of 19.6% in Florida workers compensation rates effective 10/1/2016. The Castellanos component of this filing (+15%) addresses the expected first-year impact on Florida workers compensation system costs for accidents occurring on or after the proposed filing effective date of 10/1/2016. The decision in Castellanos is expected to increase overall system costs in the state for open or re-opened claims related to accidents occurring between 7/1/2009 (the effective date of the last reform to the attorney fee statute) and 10/1/2016.

The Westphal component of this filing (+2.2%) addresses the impact on Florida workers compensation system costs for accidents occurring on or after the proposed filing effective date of 10/1/2016. The decision is also expected to increase overall system costs in the state for open or re-opened claims related to accidents occurring between 1994 (the effective date of the last reform to temporary benefits) and 10/1/2016.

As noted previously, the Florida Supreme Court’s decision in Emma Murray also retroactively changed the law. That decision increased overall system costs in the state for certain accidents occurring on or after 10/1/2003 and prior 7/1/2009. Many of those claims remain open today.

NCCI has estimated that the combined total statewide (including individual self-insured employers) unfunded liability related to the Florida Supreme Court’s decisions in Emma Murray, Castellanos, and Westphal could potentially exceed $1B. If the filing effective date of 10/1/2016 is delayed, the unfunded liability will grow.

This estimate of the unfunded liability does not consider the following:

 Impacts related to the First District Court of Appeal decision dated 4/20/2016 known as Miles v. City of Edgewater Police Department related to claimant paid attorney fees

 Subsequent year impacts, if any, that NCCI is unable to quantify

An individual insurer or self-insured employer should not draw any conclusions as to its own unfunded liability from NCCI’s estimate of the statewide figure. Each insurer’s/self-insured employer’s unfunded liability will vary based on many factors, including, but not limited to, the number and type of open claims, average claim costs, and claims handling practices.

In order to place this $1B figure in context, note that since the 2003 reform, Florida’s annual statewide direct written premium volume (including individual self-insured employers) has ranged from a low of $2.4B to a high of $5.5B. In 2015, Florida’s premium volume was $3.6B.

Screen Shot 2016-08-04 at 5.28.58 PM

Screen Shot 2016-08-04 at 5.29.06 PM

Screen Shot 2016-08-04 at 5.29.12 PM