With Falling Private Re Prices, Should Florida Let Insurers Buy Less From the Cat Fund?
Florida CAT Fund, property insurance, Insurance Regulation News, Florida Hurricane Catastrophe Fund, reinsurance, Office of Insurance Regulation
News & Updates
Florida Hurricane Catastrophe Fund
Outrage alone won’t fix Florida’s home insurance crisis | Opinion
Florida property insurance market, property insurance, Insurance Regulation News, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation
Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment
Florida hurricane season, Insurance Regulation News, Florida Hurricane Catastrophe Fund, reinsurance, Citizens Property Insurance Corporation
Reinsurance picture improves for Florida
reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News, Florida hurricane season, property insurers, Florida homeowners
Hurricane Catastrophe Fund gets healthier with season approaching, has $10.16B to pay claims
hurricane season, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News
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 […]
Florida’s homeowners insurance market faces strains amid hurricane season challenges: Moody’s
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida homeowners, Hurricane Idalia
Property Insurance: Florida’s Big Elephant in the Room
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance, Florida Office of Insurance Regulation, Florida Insurance Commissioner
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 […]
DeSantis wants insurance-focused special session
Hurricane Ian, Florida special session, property insurance, Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund