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FHCF |
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The FHCF provides reinsurance that covers some of the losses of residential property insurers after a major hurricane. The State Board of Administration (SBA), the agency responsible for the operation of the FHCF, recently approved a 25 percent rapid cash build-up factor for the 2006-07 contract year premiums (that the bill requires each year), which is expected to increase total FHCF premiums from about $800 million to $1. Traditional Reinsurance Pricing and Capacity Rate Cost to Ceded Amount on Line FHCF (000) $1 Billion 27. |
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