News & Updates

Florida Hurricane Catastrophe Fund

Storm Losses Increase FHCF Reliance on Bonding

Storm Losses Increase FHCF Reliance on Bonding

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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Hurricanes Take Toll on FHCF Capacity

Hurricanes Take Toll on FHCF Capacity

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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