Florida Catastrophe Risk Capital Access Facility

Florida Senate bill SB 1770, which we’ve tracked due to the inclusion of statute 627.352 which would have brought into law, as the bill says, ‘Creating the Catastrophe Risk Capital Access Facility to facilitate insurer access to global risk capital markets and risk-transfer mechanisms’, appears to have dropped the measure we were so interested in. […]

Florida Senate bill SB 1770, which contains a measure to create a facility allowing smaller Florida insurers access to capital market sources of reinsurance through instruments such as catastrophe bonds and securitization, has been approved today by the Florida House of Representatives, shortly after its approval by the Florida Senate last week. The bill now […]

Florida Senate bill SB 1770, which contains a measure designed to create a facility to allow smaller Florida insurers access to capital market sources of risk transfer through instruments such as catastrophe bonds and securitization, has passed another of its hurdles after being approved by the Senate. The bill, which many expected to have died […]

A Bill which contains a measure aiming to ease smaller Florida insurers access to capital market sources of risk transfer continues to make its way through the Florida Senate successfully. What began as Bill SPB 7018 which we covered in a previous article here, has now been submitted as submitted as Committee Bill SB 1770 […]

The Florida Senate Banking and Insurance Committee showed that the state Legislature is determined to improve the way hurricane risk is priced, managed, insured, reinsured and transferred within the state today by voting 11 to 1 to pass Bill SPB 7018 which contains a number of measures to reform the Florida insurance market, downsize Florida […]

A bill will be heard today by the Florida Senate Banking and Insurance Committee which proposes a capital markets risk transfer facility which would pool risks from the states primary insurers and issue catastrophe bonds or other insurance-linked security (ILS) structures to transfer the risks to the capital markets. The proposal, SPB 7018, contains a […]