Florida Hurricane Catastrophe Fund Archives - Page 16 of 19

FHCF Projects Shortfall

Published on: October 24th, 2011 | Written By: Travis Miller | Insurance

The Florida Hurricane Catastrophe Fund has released the October update of its fund balance. These projections take into account the FHCF’s cash on hand and its expected ability to issue bonds. For the current FHCF contract year, the FHCF has $18.4 billion in aggregate potential reimbursement obligations. However, the FHCF projects a $3.2 billion potential shortfall in […]

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Fla. hurricane fund has $3.2 billion shortfall

Published on: October 18th, 2011 | Miamii Herald

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FHCF Advisory Council to Consider Cat Fund Capacity

Published on: October 17th, 2011 | Written By: Travis Miller | Insurance

The Advisory Council of the Florida Hurricane Catastrophe Fund meets October 18, 2011, to consider the most recent analysis of the FHCF’s claims-paying capacity. The FHCF’s ability to reimburse participating insurers for covered losses consists of a combination of its cash on hand and its ability to issue bonds. By law, the State Board of […]

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Right-Sizing FHCF Adds Certainty But Affects Market Competitiveness

Published on: October 13th, 2011 | Written By: Travis Miller | Insurance

One of the most significant legislative proposals for the upcoming session in the residential property arena will be reducing the size of the FHCF. Jack Nicholson of the FHCF has said that while the FHCF currently projects that it could meet its mandatory obligations, worldwide financial conditions have reduced the margin for doing so to […]

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Florida Approves Use of Revised RMS Hurricane Model

Published on: September 23rd, 2011 | Insurance Journal

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FHCF Seeks to Avoid “Over-Exposure”

Published on: September 22nd, 2011 | Written By: Travis Miller | Insurance

Several months ago, the Florida Hurricane Catastrophe Fund (FHCF) released a proposal to gradually reduce the FHCF’s exposure to ensure it is able to meet its obligations to insurers. Jack Nicholson of the FHCF recently referred to moving from the current position in which the FHCF might meet its obligations, or hopes to meet its […]

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Hurricane insurance fund may be too big

Published on: September 22nd, 2011 | Florida Today

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Citizens Issue Brief Released by Banking and Insurance Committee

Published on: September 2nd, 2011 | Written By: Travis Miller | Insurance

The Florida Senate Banking and Insurance Committee released its issue brief (2012-226) regarding Citizens Property Insurance Corporation on September 1, 2011. As one would expect all of the numbers are very large. The brief provided up to date information on the total policies in force and the surplus in each of the three statutorily created […]

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