FIC: Florida Cat Fund Approves Claims Paying Estimate For Upcoming Contract Year

By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on October 9, 2018 and approved the October Claims Paying Capacity Estimates Report (Report) prepared by the Fund’s financial advisor, Raymond James.  A copy of the Report, which contains specific and detailed information about the…

GT: Citizens Board Discusses AOB, Property Litigation and Policy Changes

From Greenberg Traurig   Citizens Board Discusses AOB, Property Litigation and Policy Changes Today, the Citizens Board held a meeting which included reports on growth in the Personal Lines Account (PLA), Assignment of Benefit (AOB), property litigation challenges and proposed policy change.  Board members present included: Gary Aubuchon – Interim Chairman, Bette Brown, Blake Capps, Marc…