Category: Florida Hurricane Catastrophe Fund
Aug 31, 2015
A Rule Development Workshop has been scheduled for September 15, 2015 to discuss proposed amendments to Rule 19-8.010, F.A.C. relating to the Florida Hurricane Catastrophe Fund Reimbursement Contract requirements for the 2016-2017 Contract Year. The September 15 Workshop, which …
Aug 14, 2015
Above: Colodny Fass Shareholder Wes Strickland Notes Upcoming Reporting of Policyholder Street Addresses Represents a Substantial Departure From Previous Cat Fund Data Call Requirements All insurers that participate in the Florida Hurricane Catastrophe Fund (the “Cat Fund”) will be …
Jul 6, 2015
The Florida Hurricane Catastrophe Fund (“FHCF”) advised today, July 6, 2015, that, subsequent to the development of its 2015 Ratemaking Formula Report, several insurers revised their coverage selections for the 2015 FHCF Contract Year. As a result of these …
May 13, 2015
The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council is scheduled to meet, review and vote on approval of the FHCF’s statutory May 2015 Estimated Claims Paying Capacity report tomorrow, May 14, 2015. One-way Web-based live audio is available for …
Apr 20, 2015
Above: Colodny Fass Partner Sandy Fay notes Florida Hurricane Catastrophe Fund Rates, Rating Regions and Premium Formula Report The Florida Hurricane Catastrophe Fund (“FHCF”) posted its 2015 Rates, Rating Regions and Premium Formula Report today, April 20, 2015. The …
Apr 20, 2015
Above: Colodny Fass Partner Sandy Fay notes Florida Hurricane Catastrophe Fund Reimbursement Contract, Premium Formula Proposed Rules The Florida Hurricane Catastrophe Fund advised today, April 20, 2015, that it has proposed amendments to Rule 19-8.028, F.A.C., entitled “Reimbursement Premium …
Apr 7, 2015
Following are recent updates from the Florida Hurricane Catastrophe Fund (“FHCF”): Hearing Scheduled on FHCF Insurer Reporting Requirements and Responsibilities A teleconference on FHCF proposed Rules 19-8.029, entitled “Insurer Reporting Requirements,” and 19-8.030, “Insurer Responsibilities,” has been tentatively …
Apr 1, 2015
The Florida Hurricane Catastrophe Fund issued its statutory annual report on probable maximum losses, corresponding financing strategies and potential assessments today, April 1, 2015. To view the report, click here. During its 2014 Contract Year, the FHCF collected approximately …
Mar 30, 2015
An increase of 0.43 percent in the Florida Hurricane Catastrophe Fund (“FHCF”) rate for the 2015 FHCF Contract Year was recommended to the FHCF Advisory Council at its meeting last week on March 24, 2015. The rate was based …
Feb 5, 2015
The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council is scheduled to meet today, February 5, 2015, at 1:30 p.m. (ET) to address insurer reporting requirements and responsibilities for the 2015-2016 FHCF Contract Year. Election of an FHCF Vice Chair …