News & Updates

Hurricane Michael

FHCF Maintains $17 Billion Single-Season Capacity

FHCF Maintains $17 Billion Single-Season Capacity

The Florida Hurricane Catastrophe Fund (FHCF) continues to anticipate it will be able to meet its $17 billion in contracted single-season capacity if the need arises.  The FHCF projects its year-end 2019 fund balance will be $12.4 billion. Adding $1.7 billion in pre-event notes and an expected $1.0 billion in risk transfer (reinsurance), the FHCF projects […]

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Hurricane Michael Changes Regulatory Focus

Hurricane Michael Changes Regulatory Focus

Hurricane Michael has prompted several changes in the Office of Insurance Regulation’s recent and upcoming schedule.  The OIR’s early focus has been on assisting policyholders in the affected areas.  In addition, the OIR implemented its post-event loss reporting process.  Insurers must report their numbers of claims and estimated loss amounts on a daily basis in […]

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