Category: Florida Hurricane Catastrophe Fund
Jun 17, 2009
The Florida State Board of Administration has issued a Notice of Development of Rulemaking regarding proposed amendments to Florida Hurricane Catastrophe Fund (“FHCF”) Rule 19-8.010 relating to the Reimbursement Contract. If a written request is made and approved by the …
Jun 17, 2009
The Florida Hurricane Catastrophe Fund (“FHCF”) Website has been updated with the following information (click on a hyperlink below to access the documents): Under Announcements—2009 Participating Insurer Workshop lists the following presentations from the June 11-12, 2009 Workshop: June 11, …
Jun 13, 2009
The Florida Hurricane Catastrophe Fund (“FHCF”) held its Ninth Annual Participating Insurers Workshop in Orlando, Florida on June 11 and 12, 2009. The Workshop information and agenda can be viewed by clicking here. An event summary is below: FHCF Chief …
Jun 10, 2009
Florida Governor Charlie Crist signed House Bill 569 into law today, June 10, 2009. Effective on July 1, 2009, HB 569, relates primarily to financial instruments insured by the Federal Deposit Insurance Corporation and extends the availability of an additional …
May 29, 2009
The Florida Hurricane Catastrophe Fund (“FHCF”) has released its May 2009 Bonding Capacity Report, which may be viewed by clicking here. In May and October of each year, the FHCF is required to publish an estimate of its borrowing capacity …
May 26, 2009
As part of the Florida Cabinet meeting agenda on Wednesday, May 27, the Florida State Board of Administration will present the following Florida Hurricane Catastrophe Fund (“FHCF”) agenda items for approval: A request for approval of, and authority to file, Rule …
May 22, 2009
As you are aware, Demotech Inc. has been in the process of revising or confirming its Financial Stability Ratings for its rated Florida companies based on issues related to the liquidity of the Florida Hurricane Catastrophe Fund. Should you receive …
May 20, 2009
The following article, dated May 20, 2009, was re-printed from Reactions Magazine. Bonds “only a partial solution” to FHCF shortfall The shortfall in available funding for the Florida Hurricane Catastrophe Fund (FCHF) has raised concerns that it may not be …
May 18, 2009
Today, May 18, 2009, the Florida Hurricane Catastrophe Fund (“FHCF”) held a hearing on proposed Rule 19-8.028, entitled Reimbursement Premium Formula. The purpose of the Rule is to adopt the Premium Formula to determine the Actuarially Indicated Reimbursement Premium, to …
May 12, 2009
On Tuesday, May 12, 2009, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) met in Tallahassee, Florida. The Council considered, discussed and approved three agenda items: the May 2009 FHCF bonding estimates, filing the FHCF premium formula Rule, and …