If a hurricane hits, we’ll all pay
property insurance, Insurance Regulation News, Florida Hurricane Catastrophe Fund, hurricane season, Citizens Property Insurance Corporation
News & Updates
Florida Hurricane Catastrophe Fund
Relying on luck is bad insurance policy
Florida Hurricane Catastrophe Fund, property insurance, Insurance Regulation News, hurricane season, Citizens Property Insurance Corporation
Hurricane Catastrophe Fund: Build Florida’s Backup
Rick Scott, Insurance Regulation News, Florida Hurricane Catastrophe Fund, hurricane season
Catastrophe fund managers meet with industry, hoping for the best
Insurance Regulation News, Florida Hurricane Catastrophe Fund, Jack Nicholson
FHCF Projects Shortfall on 12-Month Basis
The Florida Hurricane Catastrophe Fund (FHCF) Advisory Council has suggested that the fund will have a potential shortfall of $1.75 billion if it is required to attempt to reach its maximum payout within 12 months of an event. The Advisory Council encouraged FHCF Chief Operating Officer Jack Nicholson to seek pre-event financing this year to close this potential gap. Nicholson sought […]
Florida hurricane insurance fund may not cover needs
Rick Scott, Insurance Regulation News, Florida Hurricane Catastrophe Fund, hurricane season
Opinions on hurricane fund differ
Insurance Regulation News, Florida Hurricane Catastrophe Fund, hurricane season
Wise Veto
Florida Legislature, Rick Scott, Insurance Regulation News, Florida Hurricane Catastrophe Fund
FHCF Holds Rule Hearing Today
The Florida Hurricane Catastrophe Fund (FHCF) has a rule hearing scheduled for 9:00 today relating to its reporting and insurer responsibility rules. Administrative rule 19-8.029 pertains to insurer reporting requirements, and rule 19-8.030 sets forth insurer responsibilities. The purpose of the rule hearing is to discuss the rules and receive public input pertaining to the […]
Governor Nixes FHCF Premium Tax Program
Governor Rick Scott has vetoed HB 5505, which would have created a program by which insurers could prepay premium taxes in exchange for future credits, with the proceeds being used to create liquidity for the Florida Hurricane Catastrophe Fund (FHCF). The Governor stated in his veto message that he would not approve the bill because […]