KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts November 1, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Hurricane Could Drain Florida Cat Fund’s Reserves. But That May Be OK, Report Says August 1, 2024 By William Rabb A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s...
Premiums for Florida Cat Fund to Jump 12% This Year, Report Shows April 26, 2022 By William Rabb Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving...
Florida Insurance Rates Still High Despite Several Storm-Free Seasons June 1, 2015 By Gary Fineout Living in a (semi)-tropical paradise has a price – and apparently, not even going nine years without a major hurricane...
Florida 1.3% Hurricane Tax to End in January July 30, 2014 By Michael Adams Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The...
Is This Right Time to Restructure Florida CAT Fund? March 19, 2013 By Michael Adams A move to restructure Florida’s state-run property reinsurance facility by lowering its financial obligation to insurers is facing an uphill...
S&P Rates Florida Cat Fund Bonds ‘AA-‘ March 14, 2013 Standard & Poor’s Ratings Services has assigned its “AA-” rating to Florida Hurricane Catastrophe Fund (FHCF), Florida’s $2 billion revenue...
Florida Looks to Restructure Its Hurricane Fund; Federal Option Proposed January 18, 2013 Florida lawmakers are poised to consider restructuring the state-run property reinsurance facility by possibly lowering its mandatory annual capacity by...
Florida Hurricane Fund in Better Shape But Could Still Be Short on Cash October 11, 2012 By Michael Adams Florida’s state-run reinsurance facility still faces a potential $1.5 billion gap to fulfill its maximum mandatory obligation, although it appears...
Florida Governor Vetoes Cat Fund Tax-Credit Plan April 24, 2012 By Michael Adams Florida Governor Rick Scott has chastised state lawmakers for failing to fully consider a controversial plan to use state premium...