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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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2015 Ends on a Storm-Free Note

2015 Ends on a Storm-Free Note

As 2015 comes to a close, several aspects of this year’s insurance market stand out.  Each year presents its share of successes and its share of challenges, which is expected in a cyclical industry.  However, on balance we will remember 2015 for its continued stability in several key insurance markets. In Florida, our view of […]

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Florida Homeowners Insurers Pass Stress Test

Florida Homeowners Insurers Pass Stress Test

The Florida Office of Insurance Regulation released a report summarizing the results of its annual reinsurance data call and stress test.  Under the stress test, residential property insurers are required to identify how their reinsurance programs would respond to several hurricane scenarios, including a single large event or multiple smaller events.  According to the OIR’s […]

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Property Issues Not Prominent This Year

Property Issues Not Prominent This Year

Property insurance issues have dominated the legislative session in nearly every year since Hurricane Andrew.  If property insurance was not the most prevalent issue in a given session, it certainly ranked in the top five topics being considered.  Over the last twenty years, the legislature has established the Florida Hurricane Catastrophe Fund, merged the former […]

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