Download or read book Florida Hurricane Catastrophe Fund written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This web page has a brief summary of the history of the FHCF and links to other sites within the FHCF, the State Board of Administration of Florida and exernal links.
Download or read book Status of the Florida Hurricane Catastrophe Fund written by Florida. Legislature. Senate. Committee on Banking and Insurance and published by . This book was released on 2008 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Board of Administration Florida Hurricane Catastrophe Fund written by Florida. Office of the Auditor General and published by . This book was released on 2008 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book State Board of Administration Florida Hurricane Catastrophe Fund and Prior Audit Follow up written by Florida. Office of the Auditor General and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Section 11.45, Florida Statutes, requires that the Auditor General conduct an operational audit of each State agency on a periodic basis. Pursuant to the provisions of Section 11.45, Florida Statutes, have directed that this report be prepared to present the results of this operational audit. This operational audit of the State Board of Administration (SBA) focused on the Florida Hurricane Catastrophe Fund and selected SBA administrative activities. The audit also included a follow-up on Findings 2 and 3 noted in the previous report No. 2021-135.
Download or read book Final Report Academic Task Force on Hurricane Castrophe sic Insurance written by Academic Task Force on Hurricane Catastrophe Insurance (Fla.) and published by . This book was released on 1995 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hurricane Insurance in Florida written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural catastrophes) are typically referred to as "uninsurable" risks. The more exposed property owners find it difficult to obtain insurance cover from the private market and/or can do so only at premiums that substantially exceed their expected claims costs. The state of Florida has reacted to the incapacity of the private sector to insure hurricane risks at reasonable premium levels with the creation of Citizens Property Insurance Corporation (an insurer of last resort) and the Florida Hurricane Catastrophe Fund. Their existence has resulted in substantial premium reductions for the Florida property owners. Both institutions have the possibility of spreading the costs of a major hurricane over a (very) large number of policy holders through after the event compulsory assessments. The risk borne by each individual property owner is thus reasonably small, with substantial benefits for consumers as a group. Looking forward the challenge to the policy maker will be to fine-tune the operation (premium structure) of these two institutions so as to increase their political acceptance. To this end it will be necessary to limit the implicit subsidy of the "bad risks" through the "good risks."
Download or read book Public private Mechanisms for Handling Catastrophic Risks in the United States written by Robert P. Hartwig and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the Florida Hurricane Catastrophe Fund (FHCF), the National Flood Insurance Program (NFIP), the California Earthquake Authority (CEA), the Terrorism Risk Insurance Act (TRIA), the Nuclear Insurance Program (Price-Anderson Act), the Fair Access to Insurance Requirements (FAIR) Plans, and the Florida Citizens Property Insurance Corporation (CPIC).
Download or read book Louisiana Hurricane Catastrophe Fund Analysis written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financing Recovery from Large Scale Natural Disasters written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the devastating Gulf Coast hurricanes of 2004 and 2005, and a sequence of tornadoes, wildfires, earthquakes, Hurricanes Ike and Gustav, and the Midwestern floods in 2008, public attention has focused on: (1) the potential high cost of recovery and financing of natural disaster losses; (2) the supply and relatively narrow scope of private sector disaster insurance; (3) the extent to which Ame [...] At the core of the problem of the availability and affordability of homeowners' insurance in hurricane-prone coastal areas is the way insurers internally raise capital, the cost of capital required to underwrite exposures in disaster-prone areas, and how insurers react to situations where their earnings or solvency are threatened. [...] The demand for insurance coverage is a function of the growth in population and property values along the Gulf and Atlantic coasts and the perception of increased catastrophic risks. [...] When the insurer does not have confidence in the catastrophe modeling or the ability to set a price due to the infrequency or potential magnitude of losses, the firm will stop selling new policies, not renew existing policies or withdraw from the market altogether, and subsequently reallocate the capital to other lines of insurance. [...] In October 2008, officials in Florida announced that the Florida Hurricane Catastrophe Fund (FHCF) would not be able to honor the entire $28 billion in reinsurance obligations to insurers in the event of a major hurricane striking the state, and that additional funds from the federal government might be needed.22 The financial market turmoil has been attributed to a combination of factors, includi.
Download or read book A Crisis of Homeowner s Insurance Availability in Disaster Prone Areas written by Rick Lazio and published by . This book was released on 1999-06-01 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Witnesses include: Pamela Duncan, Dir., Office of Legislative Affairs, Dept. of Community Affairs, State of Florida; Larry Gispert, Dir. of Emergency Management, Hillsborough County, Florida; Susanne Murphy, Deputy Insurance Commissioner, Florida Dept. of Insurance; Rade T. Musulin, V.P. & Actuary, Florida Farm Bureau Insurance Companies; Dr. Jack E. Nicholson, CEO, Florida Hurricane Catastrophe Fund; Jim Norman, Commissioner, Hillsborough County, Florida; & Leslie Waters, Representative, Florida House of Representatives.
Download or read book A Crisis of Homeowners Insurance Availability in Disaster prone Areas written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 1999 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Reinsurance for Disasters written by David Torregrosa and published by DIANE Publishing. This book was released on 2002 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Final Report Academic Task Force on Hurricane Catastrophe Insurance written by Academic Task Force on Hurricane Catastrophe Insurance (Fla.) and published by . This book was released on 1995 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Policy Approaches to the Lack of Available Homeowners Insurance in Disaster prone Areas written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 1997 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 105 1 Field Hearing National Policy Approaches to the Lack of Available Homeowners Insurance in Disaster Prone Areas Serial No 105 29 August 25 1997 written by and published by . This book was released on 1998 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Florida Hurricane and Disaster written by Leo Francis Reardon and published by . This book was released on 1926 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Florida Hurricane Disaster written by Leo Francis Reardon and published by Lion & Thorne Pub. This book was released on 1926 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
