Category: Florida Hurricane Catastrophe Fund

The Florida Hurricane Catastrophe Fund Emergency Assessment Workshop for Authorized Insurers was held today. A summary of the issues discussed is as follows: There is no statutory requirement that policyholders be notified of the FCHF assessment. The FHCF and OIR …

Please see the attached workshop agenda related to the emergency assessment of the Florida Hurricane Catastrophe Fund to be held on Friday, July 28, 2006. Representatives from our firm will attend this workshop and provide a report on the information …

Attached you will find two notices of proposed rulemaking issued by the State Board of Administration in regard to the Insurance Capital Incentive Build-up Program and the Implementation of Senate Bill 1980 (the property insurance package) as it pertains to …

The Florida Hurricane Catastrophe Fund (FHCF) is in the process of developing an emergency rule pursuant to the recently passed property insurance legislation to implement the capital incentive build-up program. The proposed emergency rule will be presented to the Governor …

In its meeting on May 11, 2006, the Florida Hurricane Catastrophe Fund Advisory Council (“Council”) discussed hurricane losses and the two major problems associated with the 2006 season: 1. The Catastrophe Fund (“CAT Fund”) deficit as a result of 2005 …

Please click here to view the attached Notice of Proposed Rule Development and the working draft of proposed Rule 69O-137.013 regarding Florida Hurricane Catastrophe Fund Emergency Assessments. Please note that if requested in writing and not deemed unnecessary by the …

Please see the below information provided by the Florida Hurricane Catastrophe Fund (FHCF) Advisory Council regarding a rule hearing the Council held on March 20, 2006: The rule hearing for Rules 19-8.010 (Reimbursement Contract); 19-8.012 (Exemption/Ineligibility), 19-8.013 (Revenue Bonds), 19-8.029 …

On March 15, 2006, the Florida Hurricane Catastrophe Fund (FHCF) Advisory Council met in Tallahassee. The Advisory Council voted and approved that Rules 19-8.010, 19-8.012, 19-8.013, 19-8.029 and 19-8.030 be submitted to the trustees for adoption, unless any changes are …

On January 19, 2006, the Florida Hurricane Catastrophe Fund (FHCF) Advisory Council met from 1:00-4:00pm in Tallahassee. Jack Nicholson, FHCF’s senior officer, presented to the Advisory Council on the 2006/2007 FHCF Reimbursement Contract and Data Call Changes. Mr. Nicholson advised …