Outrage alone won’t fix Florida’s home insurance crisis | Opinion
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida property insurance market
Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida property insurance market
Citizens Property Insurance Corporation, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News, Florida hurricane season
Insurance Regulation News, reinsurance, Florida Hurricane Catastrophe Fund, Florida hurricane season, property insurers, Florida homeowners
hurricane season, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News
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 […]
Insurance Regulation News, Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, property insurance, Florida homeowners, Hurricane Idalia
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida Office of Insurance Regulation, Florida Insurance Commissioner
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 […]
Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation News, property insurance, Florida special session, Hurricane Ian
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, assignment of benefits, Demotech, Hurricane Ian