Category: Florida Hurricane Catastrophe Fund

In a notice issued today, October 30, 2013, the Florida State Board of Administration (“SBA”) announced the estimated borrowing capacity, estimated claims-paying capacity and projected balance of the Florida Hurricane Catastrophe Fund (“FHCF”) as of December 31, 2013, in compliance …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will meet today at 1:30 p.m. to consider approval of the October 2013 Estimated Claims-Paying Capacity Report (“Report”). A draft of the Report is attached in PDF format. Under Section 215.555(4)(c)2., …

  Florida Senator Jeremy Ring filed a bill today, October 2, 2013, that would lower the Florida Hurricane Catastrophe Fund retention level, as well as revise the definitions of “losses” and “retention,” among other provisions. To view the complete bill text …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has published coverage selections and premium calculations for the 2012/2013 and 2011/2012 FHCF Contract Years updated as of September 30, 2013.  To view this information, click on the hyperlinks below: 2012/2013 2011/2012   …

  At a meeting next Thursday, September 26, 2013, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will meet via teleconference to review changes to the 2014/2015 FHCF Reimbursement Contract and vote on filing proposed Rule 19-8.010, “Reimbursement Contract,” for …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has scheduled a September 26, 2013 Rule Development Workshop to discuss proposed amendments to Rule 19-8.010, which relates to 2014-2015 FHCF Reimbursement Contract requirements. The Workshop will take place from 9:00 a.m. to …

  The Florida Hurricane Catastrophe Fund (“FHCF”) published the following updated information today, July 30, 2013, on the Loss Reimbursement Preparedness Program, which is designed to assist companies with accurate completion of FHCF Proof of Loss reports: Loss Reimbursement Preparedness …

  The Florida Hurricane Catastrophe Fund published several items on its Web site today, July 9, 2013 relating to the current 2013/2014 Contract Year, as well as those of previous years.  To view a particular item, click on a hyperlink …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council met yesterday, May 16, 2013.  As part of the agenda, the FHCF’s independent financial advisor gave an overview of the FHCF’s pre-event financing of $2 billion, which was priced and closed …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will meet tomorrow, May 16, 2013, to consider approval of the FHCF’s May 2013 estimated claims paying capacity.  Under Section 215.555(4)(c)2., Florida Statutes, the FHCF must publish in May and October …