Category: Florida Hurricane Catastrophe Fund

The time window to submit written comments opened today, December 18, 2017, on the Florida Hurricane Catastrophe Fund’s (“FHCF’s”) Insurer Reporting Requirements and Responsibilities proposed Rule 19-8.029, F.A.C. for the 2018-2019 FHCF Contract Year. In general, the proposed Rule addresses …

The Florida Hurricane Catastrophe Fund (“FHCF”) has posted Mandatory Year-End Loss Reporting information for 2017 Hurricanes Irma and Nate, as well as for 2016 Hurricanes Hermine and Matthew. FHCF Participating Insurers must submit Year-End Proof of Loss Reports for each …

Rulemaking is underway for the proposed 2018-2019 Florida Hurricane Catastrophe Fund (“FHCF”) Reimbursement Contract, which is regulated by Rule 19-8.010, F.A.C.   In addition to having obsolete material deleted, the proposed Rule could also include a provision for an alternative procedure …

Florida’s State Board of Administration has scheduled a Rule Development Hearing for October 24, 2017 to discuss proposed amendments to Florida Hurricane Catastrophe Fund (“FHCF”) Rule 19-8.029, F.A.C., entitled “Insurer Reporting Requirements and Responsibilities.” The proposed Rule will address insurer exposure and …

The Florida Hurricane Catastrophe Fund has updated the following (click on the hyperlink to access each PDF file): As of September 29, 2017:   2017/2018 FHCF Coverage Selections & Premium Calculations As of October 2, 2017:  2016/2017 FHCF Coverage Selections & Premium …

  The Florida Hurricane Catastrophe Fund (“FHCF”) advised today, June 28, 2017, that it has made the following updates (click on the hyperlink to access the updated versions of the documents below): 2017/2018 Member Handbook This document is provided for …

  The Florida Hurricane Catastrophe Fund (“FHCF”) issued a Bulletin today, June 21, 2017, reminding that FHCF Proof of Loss Reports are due from Participating Insurers no later than June 30, 2017. The Bulletin is attached for review. Pursuant to …

  The Florida Hurricane Catastrophe Fund (“FHCF”) advised today, June 7, 2017, on its estimated borrowing capacity, estimated claims-paying capacity, and projected balance as of December 31, 2017 in compliance with the requirements of Section 215.555(4)(c)2., Florida Statutes.  These estimates relate …

  Final adopted revisions to Rule 19-8.028, F.A.C., entitled “Reimbursement Premium Formula” relating to the Florida Hurricane Catastrophe Fund are effective today, May 30, 2017.  To view the markups, click on the hyperlinks below.   Notice of Proposed Rule – …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council approved the May 2017 Claims Paying Capacity Estimates at its May 18, 2017 meeting last week. The resulting report issued by Raymond James indicated that, although a continued increase in the FHCF balance …