Florida Cat Fund Foregoes Private Reinsurance for 2020 Hurricane Season
Insurance Regulation News, Florida Hurricane Catastrophe Fund, reinsurance, hurricane season
News & Updates
reinsurance
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 […]
Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold
Hurricane Irma, Insurance Regulatory News, Florida insurance market, property and casualty insurance, reinsurance, Citizens Property Insurance Corporation
Florida should brace for double whammy: Tax reform, hurricanes
tax reform, Florida, hurricanes, Insurance Regulation News, reinsurance
Florida’s hurricane fund in best shape ever ahead of season
hurricane season, Florida CAT Fund, property insurance, Insurance Regulation News, Florida Hurricane Catastrophe Fund, reinsurance
Key Florida Players to Highlight Importance of Catastrophe Reinsurance
FAIR, Florida Office of Insurance Regulation, Insurance Regulation News, reinsurance, Kevin McCarty
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 […]
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 […]
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 […]
Florida Cabinet must say No to higher insurance rates
Florida CAT Fund, property insurance, reinsurance, Insurance Regulation