Category: Florida Hurricane Catastrophe Fund
May 21, 2018
The Florida Hurricane Catastrophe Fund (FHCF) is expected to target a renewal of its $1 billion layer of reinsurance coverage at the mid-year, but the attachment point of the layer is expected to drop down as the Fund arranges its …
May 21, 2018
The Florida Hurricane Catastrophe Fund has reserves enough to easily cover its Hurricane Irma liabilities — as much as $300 million in excess of its $17 billion statutory liability limit. But what happens if a major storm — or a …
May 21, 2018
The Florida Hurricane Catastrophe Fund turns 25 this year. The Legislature created the official reinsurance pool after Hurricane Andrew caused more than $10 billion in residential losses — vastly more than was thought possible. Insurers had collected a mere $1 …
Mar 21, 2018
A proposed amendment to Rule 19-8.028, F.A.C. relating to the Florida Hurricane Catastrophe Fund (“FHCF”) Reimbursement Premium Formula would exempt from FHCF participation any policy solely covering jewelry that is not associated with a policy covering a Residential Structure located …
Mar 12, 2018
Proposed amendments to Rule 19-8.028, F.A.C., Reimbursement Premium Formula relating to premium formula requirements for the Florida Hurricane Catastrophe Fund 2018-2019 Contract Year will be the topic of a Rule Development Workshop scheduled for March 21, 2018 at 9 a.m. …
Mar 12, 2018
Proposed amendments to Rule 19-8.028, F.A.C., Reimbursement Premium Formula relating to premium formula requirements for the Florida Hurricane Catastrophe Fund 2018-2019 Contract Year will be the topic of a Rule Development Workshop scheduled for March 21, 2018 at 9 a.m. …
Jan 9, 2018
The Florida Hurricane Catastrophe Fund Advisory Council meeting scheduled for today, January 9, 2018 at 1:30 p.m. (ET) has been canceled, inasmuch as no request for a Hearing on proposed Rule 19-8.029, Insurer Reporting Requirements and Responsibilities was received. To …
Jan 3, 2018
If a request(s) for a hearing are received on the recently published Notice of Proposed Rule for Rule 19-8.029, F.A.C., Insurer Reporting Requirements and Responsibilities, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will meet on January 9, 2018 at 1:30 …
Jan 2, 2018
In a notice issued December 19, 2017, the Florida Hurricane Catastrophe Fund (“FHCF”) announced its maximum statutory adjusted capacity for mandatory FHCF coverage, the maximum statutory coverage for any optional coverage, and the aggregate fund retention used to calculate individual …
Dec 21, 2017
In a notice issued December 19, 2017, the Florida Hurricane Catastrophe Fund (“FHCF”) announced its maximum statutory adjusted capacity for mandatory FHCF coverage, the maximum statutory coverage for any optional coverage, and the aggregate fund retention used to calculate individual …