Will Ian Consume Florida Cat Fund, Forcing More Back-Breaking Reinsurance?
Citizens Property Insurance Corporation, reinsurance, Insurance Regulation News, property insurance, special session, FHCF, Hurricane Ian
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Citizens Property Insurance Corporation, reinsurance, Insurance Regulation News, property insurance, special session, FHCF, Hurricane Ian
Governor Ron DeSantis’ proclamation declaring a special session on property insurance identifies its scope and provides insight into the upcoming debate. The proclamation specifies the special session will consider (a) property insurance, (b) reinsurance, (c) changes to the Florida Building Code to improve the affordability of property insurance, (d) the Office of Insurance Regulation, (e) […]
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…. […]
The Federal Insurance Office (FIO) of the U.S. Department of the Treasury (Treasury) has issued a Request for Information (RFI) seeking public input on climate-related financial risks and their impact on the insurance industry. The RFI requests written comments from interested parties on or before November 15, 2021. As background, the FIO points out that […]
reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, claims-paying capacity
hurricane season, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News
The Florida Hurricane Catastrophe Fund (FHCF) begins the 2020 in a strong position to pay reimbursements to insurers if the need arises this year. The FHCF releases estimates of its claims-paying capacity in May and October of each year. The FHCF projects having $11.62 billion of cash on hand plus $650 million in pre-event note […]
Citizens Property Insurance Corporation, reinsurance, property and casualty insurance, Florida insurance market, Insurance Regulatory News, Hurricane Irma
reinsurance, Insurance Regulation News, hurricanes, Florida, tax reform
hurricane season, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida CAT Fund