The Florida Hurricane Catastrophe Fund (FHCF) is expected to target a renewal of its $1 billion layer of reinsurance coverage at the mid-year, but the attachment point of the layer is expected to drop down as the Fund arranges its …

The Florida Hurricane Catastrophe Fund has reserves enough to easily cover its Hurricane Irma liabilities — as much as $300 million in excess of its $17 billion statutory liability limit. But what happens if a major storm — or a …

Gov. Scott announced this week that the Department of Economic Opportunity had submitted a plan that would see Florida use $616 million in federal disaster recovery funds to build new affordable housing and provide grants to severely impacted businesses. “Even …

Hurricane season is just around the corner, and the City of Tallahassee is encouraging residents to learn and prepare at a June 2 event. The fourth annual “Build Your Bucket” disaster preparedness expo will run from 9 a.m. to noon …

The Florida Hurricane Catastrophe Fund turns 25 this year. The Legislature created the official reinsurance pool after Hurricane Andrew caused more than $10 billion in residential losses — vastly more than was thought possible. Insurers had collected a mere $1 …

Chief Financial Officer Jimmy Patronis is trying to bring the public into his campaign to force disclosure of lobbying targeting Citizens Property Insurance Corp., Florida’s property insurer of last resort. Patronis wrote to Citizens executives earlier this month, serving notice of his …

Colodny Fass shareholder Amy Koltnow obtained a significant appellate victory for insurers in De la Rosa v. Florida Peninsula Insurance Company, involving a late-reported water back-up claim. The trial court entered summary judgment in favor of the insurer finding as …

Expansion, greater diversification and focus away from Florida may have helped Heritage at its latest reinsurance renewal, which the firm says it has achieved at attractive pricing.  Artemis.bm reports. http://www.artemis.bm/blog/2018/05/10/heritage-said-reinsurance-costs-rise-just-1-as-it-completes-renewal/

“Sovereign immunity,” a legal fiction as outdated as the divine right of royalty, explains the harsh warning that the families of Marjory Stoneman Douglas High School have been hearing from the Broward School District’s insurance company.  The Sun-Sentinel Editorial Board …

California, Texas, Florida and New York suffered the greatest financial losses due to cybercrime in 2017, according to the FBI’s annual Internet Crime Report.  State Scoop’s Benjamin Freed has the story. https://statescoop.com/here-are-the-top-10-states-for-cybercrimes-in-2017