Proposed Changes to the Florida Hurricane Catastrophe Fund
March 13, 2026
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The Frame
The bill changes the financial obligations and reimbursement calculations for insurance companies operating in Florida, which directly impacts the state's hurricane insurance market stability and the fund's reserve management.
Potentially affected actors named in the source documents. Mention is not a position.
Insurance companies
Insurers must adhere to new reimbursement contract terms, loss adjustment expense caps, and premium calculation formulas.
State Board of Administration
The board is tasked with updating reimbursement contracts and premium formulas to comply with the new statutory requirements.
Last recorded activity March 13, 2026.
Introduced.
Background
- The Florida Hurricane Catastrophe Fund is a state-mandated reinsurance program designed to provide insurance companies with reimbursement for a portion of their hurricane losses. context
Summary
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Why It Matters
The bill changes the financial obligations and reimbursement calculations for insurance companies operating in Florida, which directly impacts the state's hurricane insurance market stability and the fund's reserve management.
Frequently Asked Questions
What is the 'cash build-up factor'?
How does this affect insurance companies?
News Coverage
Sponsors
Connected Entities
Sources
openstates.org
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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