The State of Florida delivers a broad range of services and has a large workforce, which exposes it to the risk of financial loss through property damage, employee injuries, and alleged negligent or improper acts of state employees.
Given the high cost of settling property, workers' compensation and liability claims, which approached $140 million in Fiscal Year 2002-03 in addition to an unfunded long-term liability of over $1 billion, the state needs to make every effort to control losses.
Florida's Division of Risk Management is performing well in its primary function of processing claims. However, a risk management program, by definition, involves more than processing claims once losses have occurred. Florida could be more proactive in protecting its assets by helping high risk agencies take adequate steps to prevent losses and contain costs.

Progress Report: Division of Risk Management Performs Well, But Additional Steps Could Be Taken to Reduce Losses and Contain Costs
Report 06-32 April 2006
State's Property Insurance Program Balances Risk and Cost of Insurance
Report 03-65 December 2003

Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.