News & Updates

pre-event notes

FHCF Projects $17 Billion in Single Season Capacity

FHCF Projects $17 Billion in Single Season Capacity

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 […]

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FHCF Enters Hurricane Season in Strong Financial Position

FHCF Enters Hurricane Season in Strong Financial Position

The Florida Hurricane Catastrophe Fund (FHCF) begins the 2020 in a strong position to pay reimbursements to insurers if the need arises this year.  The FHCF releases estimates of its claims-paying capacity in May and October of each year.  The FHCF projects having $11.62 billion of cash on hand plus $650 million in pre-event note […]

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FHCF Enters Hurricane Season with Full Limit Available

FHCF Enters Hurricane Season with Full Limit Available

The State Board of Administration has announced the estimated borrowing capacity, estimated claims-paying capacity, and projected balance of the Florida Hurricane Catastrophe Fund as of December 31, 2017.  These estimates relate to the FHCF’s expected ability to pay reimbursements to insurers from losses occurring in the 2017-2018 Reimbursement Contract Year. The FHCF’s total estimated claims-paying capacity […]

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Storm Free Years Bolster FHCF

Storm Free Years Bolster FHCF

As with other aspects of the Florida residential property insurance market, the Florida Hurricane Catastrophe Fund (FHCF) continues to benefit from the recent run of hurricane-free years.  Not only does the FHCF anticipate that it can fully meet is statutory limit of $17 billion in single-season capacity, most of the the FHCF’s current single-season capacity […]

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FHCF Seeks Authority to Explore Risk Transfer Options

FHCF Seeks Authority to Explore Risk Transfer Options

The Florida Hurricane Catastrophe Fund is seeking authorization from the Trustees of the State Board of Administration to explore, negotiate and enter into a combination of risk transfer products and/or pre-event notes totaling up to $2.2 billion.  The Trustees of the State Board of Administration are the Governor, Chief Financial Officer and Attorney General.  The issue […]

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