Florida Hurricane Catastrophe Fund Archives

Storm Losses Increase FHCF Reliance on Bonding

Published on: November 5th, 2023 | Written By: Travis Miller | Insurance

The Florida Hurricane Catastrophe Fund (FHCF) projects that it would be able to meet its maximum single-season reimbursement obligation of $17 billion if the need arises. However, hurricane losses in recent years have reduced the FHCF’s available cash, increasing its anticipated reliance on post-event bonding. For the 2023-24 FHCF contract year, the insurance industry retains […]

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Florida’s homeowners insurance market faces strains amid hurricane season challenges: Moody’s

Published on: September 1st, 2023 | Reinsurance News

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Property Insurance: Florida’s Big Elephant in the Room

Published on: July 14th, 2023 | The Florida Standard

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Hurricanes Take Toll on FHCF Capacity

Published on: May 25th, 2023 | Written By: Travis Miller | Insurance

The Florida Hurricane Catastrophe Fund (FHCF) recently projected a potential shortfall in its claims-paying capacity for the first time in many years. By statute, the FHCF provides up to $17 billion in reimbursement capacity to residential property insurers each year. However, that obligation is limited to the amount the FHCF actually can pay, if less […]

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DeSantis wants insurance-focused special session

Published on: October 28th, 2022 | Hernando Sun

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The big reason Florida insurance companies are failing isn’t just hurricane risk – it’s fraud and lawsuits

Published on: October 6th, 2022 | The Conversation

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Special Session Proposals Address Property Market Concerns

Published on: May 21st, 2022 | Written By: Travis Miller | Insurance

The Florida House of Representatives and Senate have released their proposals for next week’s special session on property insurance reform. The special session follows last month’s call from Governor Ron DeSantis for a special session dealing with the crisis in Florida’s residential property insurance market. Reinsurance Protection Although their proposals are subject to change when […]

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Florida Market Needs Lasting Reform

Published on: April 23rd, 2022 | Written By: Travis Miller | Insurance

The residential insurance market in Florida has experienced years of deterioration resulting in decreased availability of private market options, reductions in coverage and rising insurance premiums. As has been well established by the Florida Office of Insurance Regulation and others, Florida never really had a sinkhole problem, a mold problem, or a water damage problem…. […]

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