Florida Commission on Hurricane Loss Projection Methodology Flood Standards Development Committee to Meet October 30; Webcast Available

 

The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) Flood Standards Development Committee (“Committee”) has scheduled an October 30, 2014 meeting from 1:00 p.m. to 5:00 p.m. (ET) in Tallahassee, Florida.

Included on the Committee’s meeting agenda are modeler presentations on flood loss modeling concepts, and discussion on the catastrophe modeling review process and pertinent issues.

To view the agenda, click here.

The meeting will be Webcast live.  To register (required), go to:  https://www1.gotomeeting.com/register/727920896.

Committee Chair Dr. Jack Nicholson, who also serves as Chief Operating Officer of the Florida Hurricane Catastrophe Fund, will lead a discussion of changes to Florida law, specifically Sections 627.0628, 627.715 and 627.062, Florida Statutes.  The Commission is required to adopt flood standards by July 1, 2017.

At a September 30 meeting of Commission’s Acceptability Process Committee, Dr. Nicholson established the following guidelines for the flood loss model development process:

• Both flood and hurricane loss models will have the same deadlines and submission requirements
• Hurricane loss and flood loss will be modeled independently
• Hurricane and flood modeling standards will be separate
• The failure of a hurricane model will not impact the acceptability of a flood model, and vice versa

Those preferring to participate in the meeting via teleconference may dial (888) 670-3525 and enter conference code 7135858151.  

The physical location of the meeting is Room 116 (Hermitage Conference Room), 1801 Hermitage Blvd., Tallahassee, Florida.

 

 

Should you have any questions or comments, please contact Colodny Fass& Webb.

 

 

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