No hurricanes help Florida insurance industry rebuild
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation
News & Updates
Florida Hurricane Catastrophe Fund
FHCF Initial Event Fully Funded
The Florida Hurricane Catastrophe Fund (FHCF) recently announced that it anticipates being able to fully fund its $17 billion in initial season obligations and being able to support a large portion of a subsequent season’s obligations. Under its most recent projections, the FHCF would fall about $5 billion short of providing another $17 billion in […]
Scott, Crist differ on property insurance
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, Florida Hurricane Catastrophe Fund, Florida Legislature, Governor Charlie Crist, Governor Rick Scott
Citizens to End Assessment Early
Citizens Property Insurance Corporation announced that a surcharge on Florida homeowners insurance premiums will end about two years earlier than originally planned. The assessment has been in place to pay off bonds from the 2005 hurricane season. The surcharge will end as of July 1, 2015. Inital projections would have extended the surcharge until June 30, 2017. Citizens is able to take this […]
Citizen surcharge could end two years early
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation
Homeowner’s Insurance: Higher Cost For Less Coverage
Citizens Property Insurance Corporation, Office of Insurance Regulation, reinsurance, Florida Hurricane Catastrophe Fund, Florida Legislature, Governor Charlie Crist, Insurance Regulation
Florida 1.3% Hurricane Tax to End in January
Citizens Property Insurance Corporation, hurricane season, Florida Hurricane Catastrophe Fund, property insurance
FHCF Assessment to End Early
The assessment imposed by the Florida Hurricane Catastrophe Fund (FHCF) will end 18 months earlier than previously projected. Governor Scott and the Cabinet voted to terminate the assessment as of January 1, 2015 rather than the scheduled July 1, 2016, end date. The assessment currently is 1.3% of premiums. Insurers add the assessment amount to […]
Property owners better protected as hurricane season nears
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season, Florida Hurricane Catastrophe Fund, property insurance
Florida’s insurance fund strong for storm season
Office of Insurance Regulation, hurricane season, Florida Hurricane Catastrophe Fund, property insurance