FHCF Hurricane Michael Interim Loss Report Due November 5th
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FHCF Summary and Data Call form 10-15-18
10-15-18 Summary Changes FHCF Insurer Reporting Rule.pdf
FHCF Hurricane Michael Reimbursement Information
By: Katrina Callaway, FIC General Counsel During a meeting of the Florida Hurricane Catastrophe Fund (FHCF or Fund) Advisory Council last week ahead of Hurricane Michael making landfall, Anne Bert, the Chief Operating Officer of the Fund gave the following report on Hurricane Michael which was rapidly approaching Florida: • The FHCF is ready to…
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…
FIC: FHCF Insurer Reporting Rule Updates Proposed
By: Katrina Callaway, FIC General Counsel Last week, the FHCF held a rule workshop on its rule related to insurer reporting requirements for the 2019-2020 contract year. There are few substantive changes to the rule this year. Most of the changes conform the rule and its associated Data Call form to the changes made in…
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…
FIC: AOB Win For Insurers
By: Katrina Callaway, FIC General Counsel The 4th District Court of Appeal ruled for the insurer, Ark Royal Insurance Company, in an AOB case on September 5, 2018. The opinion can be found here. The District Court of Appeal is the second level in the Florida court system. The Supreme Court is the highest…
FIC: FHCF Workshops New Reimbursement Contract
By: Katrina Callaway, FIC General Counsel On August 20, 2018, the Florida Hurricane Catastrophe Fund (FHCF) held a rule workshop on proposed changes to their reimbursement contract rule and the actual reimbursement contract with its addendums. The FHCF will accept written comments on the proposed changes until August 24, 2018. They plan to submit the…