The Florida Hurricane Catastrophe Fund (FHCF) was created in November 1993 during a special legislative session after Hurricane Andrew. The purpose of the FHCF is to protect and advance the state's interest in maintaining insurance capacity in Florida by providing reimbursements to insurers for a portion of their catastrophic hurricane losses.

To support this fund, the state had mandated an assessment be paid by insurers writing property and casualty business in Florida. The assessment is applied to all new and renewed policies, and effective January 1, 2011, this assessment was increased from 1% to 1.3%.

For more information, you may visit Florida’s State Board of Administration website at www.sbafla.com/fhcf.