The State Board of Administration gave notice as required by Section 215.555(18)(d), F.S., for the Florida Hurricane Catastrophe Fund (FHCF) Reimbursement Contract Year commencing on June 1, 2012, of the maximum statutory adjusted capacity for the mandatory coverage, the maximum statutory coverage for any optional coverage, and the aggregate fund retention used to calculate individual insurer’s retention multiples. As provided in Section 215.555(4)(c)1., F.S., the maximum statutory adjusted capacity for the mandatory coverage is up to $17 billion. As provided in Section 215.555(17)(d)9.e., F.S., the maximum statutory coverage for the optional TICL coverage is $4 billion. The aggregate fund retention used to calculate individual insurer’s retention multiples is $7.389 billion. ___________________________________________________
News
Insurance-Related Notices from the December 22nd Florida Administrative Weekly may be found here.
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Insurance-Related Notices from the December 16th Florida Administrative Weekly may be found here.
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The Office of the Insurance Consumer Advocate of Florida releases the Personal Injury Protection (PIP) Working Group Report - see the report here.
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Insurance-Related Notices from the December 9th Florida Administrative Weekly may be found here.
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Citizens Property Insurance Corporation presented before the Florida Cabinet on December 6 regarding the goals of returning Citizens to an insurer of last resort; see the presentation here.
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Insurance-Related Notices from the December 2nd Florida Administrative Weekly may be found here.
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Insurance-Related Notices from the November 23rd Florida Administrative Weekly may be found here.
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Insurance-Related Notices from the November 18th Florida Administrative Weekly may be found here.
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Insurance-Related Notices from the November 11th Florida Administrative Weekly may be found here.
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Insurance-Related Notices from the November 4th Florida Administrative Weekly may be found here.
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The Florida Hurricane Catastrophe Fund Advisory Council has scheduled a telephone conference call for November 21, 2011 at 3pm; persons wishing to participate may do so at (888) 808-6959, and by entering the conference code 4765251363.
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Insurance-Related Notices from the October 28th Florida Administrative Weekly may be found here.
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Insurance-Related Notices from the October 21st Florida Administrative Weekly may be found here.
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The Florida Hurricane Catastrophe Fund Advisory Council will meet on Tuesday, October 18, 2011, at 1pm; to see the agenda, please click here.
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