For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered...
Florida CAT fund News
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s...
Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving...
Living in a (semi)-tropical paradise has a price – and apparently, not even going nine years without a major hurricane...
Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The...
A move to restructure Florida’s state-run property reinsurance facility by lowering its financial obligation to insurers is facing an uphill...
Standard & Poor’s Ratings Services has assigned its “AA-” rating to Florida Hurricane Catastrophe Fund (FHCF), Florida’s $2 billion revenue...
Florida lawmakers are poised to consider restructuring the state-run property reinsurance facility by possibly lowering its mandatory annual capacity by...
Florida’s state-run reinsurance facility still faces a potential $1.5 billion gap to fulfill its maximum mandatory obligation, although it appears...