If a hurricane hits, we’ll all pay
Citizens Property Insurance Corporation, hurricane season, Florida Hurricane Catastrophe Fund, Insurance Regulation News, property insurance
News & Updates
Florida Hurricane Catastrophe Fund
Relying on luck is bad insurance policy
Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation, hurricane season, Insurance Regulation News, property insurance
Hurricane Catastrophe Fund: Build Florida’s Backup
hurricane season, Florida Hurricane Catastrophe Fund, Insurance Regulation News, Rick Scott
Catastrophe fund managers meet with industry, hoping for the best
Jack Nicholson, Florida Hurricane Catastrophe Fund, Insurance Regulation News
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
hurricane season, Florida Hurricane Catastrophe Fund, Insurance Regulation News, Rick Scott
Opinions on hurricane fund differ
hurricane season, Florida Hurricane Catastrophe Fund, Insurance Regulation News
Wise Veto
Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation News, Rick Scott
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 […]