Florida Workers' Compensation Carriers Earn Excess Profits

May 29, 2010 by Randy Zeldin

According to the Florida Office of Insurance Regulation, 16 workers' compensation carriers have been ordered to pay back "excessive profits" to policyholders. This amounts of 9.4 million dollars being returned to policy holders. Some of the insurance carriers making excessive profits, specifically AIG, were recipients of U.S. Federal taxpayer bail out funds.

Randy Zeldin, Esq., a Boca Raton workers' compensation attorney, asks Florida Insurance Commissioner Kevin McCarty to determine the source of the "excessive profits." Drastic changes in the Florida workers' compensation law, likely have translated skimpier benefits to injured workers as the source of fatter profits for the insurance industry. Randy Zeldin, Esq., with office in West Palm Beach, Ft. Lauderdale and Boca Raton, further suggest that Gov. Charlie Crist scrutinize the origin of excessive insurance profits, in a time of great recession for South Florida working people.

Social Security Applicants in South Florida Can Expect 2 Year Wait

May 14, 2010 by Randy Zeldin

In 2010, it is estimated that 3.3 millions persons will apply for Social Security Disability. That is an increase of 300,000 applications from 2009. There are many reasons for the spike in applications. The aging of the adult population is one factor. Many observers, including Social Security Disability Attorney Randy Zeldin, Esq., believe that the economic recession is the main cause. According to attorney Randy Zeldin, Esq., of Boca Raton, he has seen a large increase of Social Security applicants, who were pushed out of the tight job market, because their disability made them totally unemployable.

The outcome of the increase of applications, is a huge backlog and a long waiting period. According to the Congressional Research Service, most applicants now wait an average of approximately two years until the claim is processed and appealed. Attorney Randy Zeldin, Esq., with offices in Boca Raton, Ft. Lauderdale and West Palm Beach, hopes that the U.S. Congress will finally authorize additional monies to the beleagured Social Security Administration