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The Florida Hurricane Catastrophe Fund (FHCF) projects that will be able to satisfy its $17 billion in single-season reimbursement obligations if called upon. The FHCF releases its estimated claims-paying capacity in May and October of each year. In its October estimate, the FHCF anticipates it would reach the $17 billion single season cap through $11.3 […]
Florida Office of Insurance Regulation, radeylaw, flood, residential, Hurricane Irma, Irma, deductible, commercial, Radey, Office of Insurance Regulation, Travis Miller
Florida Hurricane Catastrophe Fund Chief Operating Officer Anne Bert provided an update to key legislative committees this week relating to the FHCF’s expected reimbursement obligations arising from Hurricane Irma. Ms. Bert stated that current projections suggest the FHCF’s ultimate losses from Irma will be between $3 billion and $5 billion. This amount is well-within the […]
After a week of watch Irma steadily plod toward Florida, she moved through the state over the last 24 hours. Each hurricane that affects the state is different in its impact and in the lasting message it leaves. With Irma, part of the lasting memory will be how a single storm can impact the entire […]
