Category: Florida Hurricane Catastrophe Fund

  The Florida Hurricane Catastrophe Fund (“FHCF”) published a number of updates today, July 7, 2016: 1. The Operations Questions and Advance Records and Information have been posted for FHCF Contract Year 2016/2017.  To view them, click here. 2.  In …

  Florida’s State Board of Administration of Florida (“SBA”) advised today, May 25, 2016, on the estimated borrowing capacity, estimated claims-paying capacity, and projected balance of the Florida Hurricane Catastrophe Fund (“FHCF”) as of December 31, 2016, in compliance with the …

  Regulations for the Florida Hurricane Catastrophe Fund 2016-2017 Reimbursement Premium Formula take effect tomorrow, May 18, 2016. In accordance with Section 215.555(5), Florida Statutes, the amended Rule 19-8.028, F.A.C., entitled “Reimbursement Premium Formula,” makes editorial and grammatical revisions from …

  CORRECTION:  Please note that the date of this meeting is TOMORROW, May 12. In advance of its Advisory Council meeting tomorrow, May 12, 2016 at 1:30 p.m. (ET), the Florida Hurricane Catastrophe Fund (“FHCF”) has published a revised meeting …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Board is scheduled to meet on May 12, 2016 at 1:30 p.m. (ET) to review the 2016 Estimated Claims Paying Capacity Report.   Also on the agenda is a review of FHCF-related …

  The Florida Hurricane Catastrophe Fund (“FHCF”) published its 2016 Proposed Rates, Rating Regions and Ratemaking Formula Report with supplemental information today, April 20, 2016. These rates represent the proposed rate for 2016 as a result of the 2016 FHCF …

  The updated Florida Hurricane Catastrophe Fund Reimbursement Contract for June 1, 2016 through May 31, 2017 was recently adopted through Rule 19-8.010, which becomes effective January 3, 2016. To view the Rule changes, click here. The Reimbursement Contract and …

Florida’s State Board of Administration has scheduled a Rule Development Workshop on January 5, 2016 to discuss proposed amendments to Florida Hurricane Catastrophe Fund (“FHCF”) Rules 19-8.029, F.A.C., entitled “Insurer Reporting Requirements” and 19-8.030, “Insurer Responsibilities.” The Workshop, which runs …

  Florida’s State Board of Administration (“SBA”) has posted its statutory October report on the estimated borrowing capacity, estimated claims-paying capacity and projected balance of the Florida Hurricane Catastrophe Fund (“FHCF”) as of December 31, 2015.  These estimates relate to the …

  The Florida Hurricane Catastrophe Fund (the “FHCF”) is currently engaged in rulemaking to adopt the 2016-2017 Reimbursement Contract, which is incorporated by reference in Rule 19-8.010, Florida Administrative Code.  One of the proposed amendments would eliminate a participating insurer’s …