News & Updates

Florida Hurricane Catastrophe Fund

The Foreseeable Consequences of SB 1372

The Foreseeable Consequences of SB 1372

A proposal to reduce the size of the Florida Hurricane Catastrophe Fund (FHCF) remains under consideration in the Florida Senate in the form of SB 1372.  A similar proposal exists in the House of Representatives but has not advanced thus far in the 2012 legislative session. This proposal, which has been termed the FHCF “right-sizing” […]

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Insurance & Banking Subcommittee to Review FHCF Proposal

Insurance & Banking Subcommittee to Review FHCF Proposal

The Insurance & Banking Subcommittee of the Florida House of Representatives is scheduled to hold a workshop today to consider proposals for shrinking the Florida Hurricane Catastrophe Fund.  Jack Nicholson of the FHCF has advanced a proposal that will reduce the size of the FHCF, increase the industry’s retention, and increase the cost of FHCF […]

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First Do No Harm

First Do No Harm

We’ve heard the phrase before in many contexts–  first do no harm.  Let’s hope this line of thinking applies to the 2012 legislative session, particularly as it relates to Florida’s residential property insurance market.  Governor Rick Scott issued a challenge several months ago for Citizens Property Insurance Corporation to dramatically reduce its exposures.  Unfortunately, its […]

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