Category: Florida Hurricane Catastrophe Fund

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council met yesterday, October 18, 2011.  The meeting was called to order by Chairman Robert Peduto. John Forney with Raymond James presented a financial market update, explaining that there has been substantial …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has published coverage selections and premium calculations, updated as of September 30, 2011, for the 2010/2011 FHCF Contract Year.  To view this information, click here. In addition, coverage selections and premium calculations for the …

  The Florida Hurricane Catastrophe Fund (“FHCF”) held a Rule Development Workshop yesterday, September 29, 2011, on proposed Rule 19-8.010, which pertains to the 2012/2013 FHCF Reimbursement Contract.  FHCF Senior Attorney Tracy Allen explained that most of the changes to …

  Meeting materials are now available for the September 29, 2011, Florida Hurricane Catastrophe Fund (“FHCF”) Proposed Rule Hearing (“Hearing”), at which updates to the FHCF’s 2012/2013 Reimbursement Contract will be reviewed.  An FHCF Advisory Council teleconference meeting is scheduled to follow.   FHCF …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has published coverage selections and premium calculations updated as of June 30, 2011 for the 2010/2011 Contract Year.  Coverage selections and premium calculations for the FHCF’s 2005/2006, 2007/2008, 2008/2009, 2009/2010 Contract Years are …

  To ensure Reimbursement Contract forms are appropriately amended and made effective as soon as possible, the State Board of Administration filed Emergency Rule 19ER11-2 (19-8.010) on July 1, 2011 to change the definition of “losses” reimbursable by the Florida …

  The Eleventh Annual Florida Hurricane Catastrophe Fund (“FHCF”) Participating Insurers Workshop was held in Orlando, Florida on May 24-25, 2011. State of Florida Chief Financial Officer Jeff Atwater served as the keynote speaker.  In his address, he discussed how …

  Following State Board of Administration (“SBA”) approval at the May 17, 2011 Cabinet meeting, the Florida Hurricane Catastrophe Fund (“FHCF”) filed Emergency Rule 19ER11-1, F.A.C. on May 27, 2011, entitled “Extraordinary Circumstances for Alternative Method of Finalizing 2005 Losses” (“Emergency …

  Pursuant to Florida law, the State Board of Administration (“SBA”) has announced the Florida Hurricane Catastrophe Fund (“FHCF” or “Fund”) estimated borrowing capacity, estimated claims-paying capacity and projected balance of the Fund as of December 31, 2011.  The Fund’s projected post-event borrowing capacity …

  The Florida Hurricane Catastrophe Fund (“FHCF”) held a Rule Development Workshop via teleconference today, May 6, 2011, on proposed Rules 19-8.029 and 19-8.030, Florida Administrative Code, respectively entitled “Insurer Reporting Requirements” and “Insurer Responsibilities.”   To view the agenda, click …