Category: Florida Hurricane Catastrophe Fund
Dec 22, 2008
The Florida Hurricane Catastrophe Fund Advisory Council has scheduled a meeting to be held on Tuesday, January 13, 2009. To view the meeting Notice, click here. The Advisory Council will consider public comments made at the January 9, 2008 Rule …
Dec 15, 2008
On December 12, 2008, the Florida State Board of Administration (“SBA”) issued a Denial of its Petition for Emergency Waiver or Variance filed by Tower Hill Insurance Group, LLC (“Tower Hill”)on November 12, 2008. Tower Hill’s petition, which was submitted on behalf …
Dec 2, 2008
On November 12, 2008, Tower Hill Insurance Group, LLC filed a petition on behalf of five of its member companies (the “Companies”) with the Florida State Board of Administration (“SBA”) seeking an emergency waiver or variance from the 2008-2009 Florida …
Dec 2, 2008
On December 1, 2008, the Florida Hurricane Catastrophe Fund (“FHCF”) released its financial statement report for the year ending June 30, 2008. The financial statement includes: Independent Auditor Report Management Discussion and Analysis Financial Statements Other Financial Information To view …
Oct 23, 2008
The Florida State Board of Administration of Florida (“Board”) has issued an estimate of the Florida Hurricane Catastrophe Fund (“FHCF”) borrowing capacity and the FHCF projected balance as of December 31, 2008, which is estimated to be $2.786 billion. This represents …
Oct 15, 2008
During the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) meeting held October 14, 2008, FHCF financial advisors informed Council members that the FHCF would not be able to meet its total financial obligations in certain circumstances because of its …
Oct 14, 2008
The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council is meeting today, October 14, 2008 from 1 p.m. to 4:30 p.m. in Tallahassee. To join the conference call, dial (888) 808-6959, Conference Code 4765251363. A report on the FHCF Bonding Capacity …
Jul 15, 2008
The Florida Hurricane Catastrophe Fund (“FHCF”) has released its preliminary official Revenue Bond Series 2008A statement. The $625 million in 2008A bonds are being issued to provide the FHCF with funds to repay participating insurers for covered losses incurred during …
Jul 7, 2008
The Florida State Board of Administration, on behalf of the Florida Hurricane Catastrophe Fund (“FHCF”) has issued a Notice of Proposed Rule for Rule 19-8.010: Reimbursement Contract. To view the complete Notice of Proposed Rule Development, click here. The FHCF is seeking …
Jul 2, 2008
A special meeting of the Florida State Board of Administration (“SBA”) and the Florida Hurricane Catastrophe Fund Financing Corporation was held this morning, July 2, 2008, to discuss the purchase of financial products for the Florida Hurricane Catastrophe Fund (“FHCF”). …