Category: Florida Hurricane Catastrophe Fund

  During a March 22, 2012 teleconference, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) unanimously approved the 2012 FHCF Contract Year Premium Formula and the filing of proposed Rule 19-8.028, entitled “Reimbursement Premium Formula” for Notice of Proposed …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has posted proposed rates for 2012 based on the Ratemaking Formula Report (“Report”) presented to the FHCF Advisory Council on March 22, 2012.  The proposed rates have not yet been approved by the …

  After a seven-day trial that abruptly ended last night, February 14, 2012, four former executives of the now-defunct Vanguard Fire and Casualty Company were acquitted of federal charges by Judge Robert Lewis Hinkle of the U.S. District Court for …

  At its meeting yesterday, January 12, 2012, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) unanimously voted to file proposed Rule 19-8.029 Insurer Reporting Requirements (“Data Call”) and Proposed Rule 19-8.030 Insurer Responsibilities for Notice of Hearing and …

  During a Rule Development Workshop today, January 9, 2012, representatives of the Florida Hurricane Catastrophe Fund (“FCHF”) proposed the elimination of the Building Code Effectiveness Grading (“BCEG”) Code and the Florida Building Code Indicator fields from the FHCF’s Data …

  The Florida Hurricane Catastrophe Fund (“FHCF”) posted the following updates today, January 6, 2012: A partial list of FHCF Coverage Selections and Premium Calculations as of December 31, 2011 for FHCF Contract Year 2011/2012, which can be viewed by …

The Florida Hurricane Catastrophe Fund posted the following updated proposed Rules today, December 30, 2011 (click on a hyperlink below to access the complete proposed Rule): Rule 19-8.028 – 2012 Reimbursement Premium Formula Rule 19-8.029 – Insurer Reporting Requirements 2012 …

The Florida Hurricane Catastrophe Fund (“FHCF”) published the following updates today, December 22, 2011:   Florida Maximum Statutory Adjusted Capacity for Mandatory Florida Hurricane Catastrophe Fund Coverage, Maximum Statutory Coverage for Optional Coverages and Aggregate Retention for the 2012 Contract …

  A public hearing scheduled yesterday, November 21, 2011, on Florida Hurricane Catastrophe Fund (“FHCF”) proposed Rule 19-8.010, entitled “Reimbursement Contract,” was not requested by any interested parties and, therefore, not held. Rule 19-8.010 is being amended to adopt the …

  The Florida State Board of Administration (“SBA”) issued a statutory advisory today, October 26, 2011, on the Florida Hurricane Catastrophe Fund’s (“FHCF”) estimated borrowing capacity, estimated claims-paying capacity and projected balance as of December 31, 2011 in relation to …