FPCA Homeowners Division: Bills Filed to Delete Cat Fund, Citizens’ Annual Report Requirements on aggregate net probable maximum losses, financing options, potential assessments

Jan 6, 2012


Florida Property and Casualty Association Homeowners Division Members:

Filed yesterday, January 5, 2012, Senate Bill 1518 by Senator Alan Hays would delete a requirement that the Florida Financial Services Commission provide an annual report to the Florida Legislature consisting of specified data and analysis related to the aggregate net probable maximum losses, financing options and potential assessments of the Florida Hurricane Catastrophe Fund and Citizens Property Insurance Corporation.  The House companion bill is HB 4059 by State Representative Larry Metz.

For complete bill information, click here.


Should you have any questions or comments, please contact Katie Webb (kwebb@cftlaw.com) at Colodny Fass.