August 21, 2024

FCBI, a Florida based self-insurance fund specializing in providing workers’ compensation insurance to companies across Florida, has acquired MidSouth Mutual Insurance Company, a Tennessee based company effective Wednesday, August 21, 2024. The carrier has been demutualized and renamed MidSouth Insurance Company. MidSouth Insurance Company will operate as a subsidiary of FCBI.  

The two companies share a strong commitment to exceptional customer service, encouraging workplace safety, and assisting clients with cost containment as it relates to worker’s compensation insurance.  

FCBI was born out of the need for Florida citrus growers to secure affordable and reliable workers’ compensation insurance more than 45 years ago. Over time, the company shifted focus to also provide workers’ compensation insurance to heterogeneous industries, with an emphasis on construction related trades. FCBI has been a mainstay of the Florida workers’ compensation market providing the products and services needed to power the industry for many years. 

MidSouth Insurance Company has roots back to the 1990’s when homebuilders and contractors in Tennessee faced similar pricing and availability headwinds in the workers’ compensation insurance marketplace. Since that time, the organization has successfully met the needs of the Tennessee marketplace and fifteen additional states across the South and the Midwest.  

The acquisition of MidSouth Mutual Insurance Company by FCBI extends their market reach far beyond the state of Florida. The two companies share the same culture: focusing on their clients and agency partners with a commitment to doing business the right way.

Contact: Greg Vahle 
Telephone: 386.267.0378