Florida Hurricane Catastrophe Fund Posts 2017/2018 Contract Year Updates

Jun 28, 2017

The Florida Hurricane Catastrophe Fund (“FHCF”) advised today, June 28, 2017, that it has made the following updates (click on the hyperlink to access the updated versions of the documents below):

2017/2018 Member Handbook

This document is provided for informational purposes only to provide clarification and to assist FHCF Participating Insurers in accurately reporting exposure and losses.

FAQs

Throughout the course of each contract year, questions arise regarding various FHCF issues. The FAQs include questions and answers on the 2017/2018 FHCF Contract Year, and are organized into five main topics:

Covered Policy
Exposure/Data Call Reporting
SBA Examination – Exposure Reporting
Loss Reporting
SBA Examination – Loss Reporting

2017/2018 Ratemaking Formula Report

Florida Hurricane Catastrophe Fund 2017 All Rates

Commercial Rates	Coverage Level 45%	Coverage Level 75%	Coverage Level 90%
Residential Rates	Coverage Level 45%	Coverage Level 75%	Coverage Level 90%
Mobile Home Rates	Coverage Level 45%	Coverage Level 75%	Coverage Level 90%
Tenants Rates	Coverage Level 45%	Coverage Level 75%	Coverage Level 90%
Condominium Unit Owners Rates	Coverage Level 45%	Coverage Level 75%	Coverage Level 90%

2017/2018 FHCF Retention Multiples

The 2017/2018 FHCF Retention Multiple for each of the coverage levels is defined as the following:

Coverage Level	2017/2018 Retention Multiple
90%	4.9821
75%	5.9785
45%	9.9642

2017/2018 Premium & Coverage Calculations

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Florida Hurricane Catastrophe Fund Posts 2017/2018 Contract Year Updates

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