Merlinos Consultants Attend Florida Hurricane Catastrophe Fund Workshop

Merlinos — Tue, 17 May 2011 19:07:46 +0000

M&A consultants Mark Brannon and Peter Scourtis will be attending the Florida Hurricane Catastrophe Fund’s (FHCF) “Participating Insurers Workshop” on May 24^th and May 25^th. The Workshop will focus on 2011 reimbursement contract and data call changes, the status of the FHCF, 2011 Legislation, and other topics of interest.

The 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.

Merlinos & Associates’ consultants are specialists in coastal property actuarial consulting. Read more about what we do at our Web site.

Peter Scourtis Speaks at Florida Windstorm Mitigation Committee Meeting

Merlinos — Mon, 21 Sep 2009 15:09:45 +0000

The Florida Commission on Hurricane Loss Projection Methodology Windstorm Mitigation Committee recently heard testimony that will be used to prepare a mandated report on windstorm mitigation discounts to the Florida Legislature and Executive Branch. Among the presentations given was one from M&A’s Peter Scourtis.

Peter spoke about risk premium and the impact of mitigation on premiums. He illustrated the impact by using an example of non-mitigated homes compared to mitigated homes, saying that mitigation credits are not factored adequately in the reinsurance costs. As a result, non-mitigated homes are often bad economic risks.

Click here to read Peter’s presentation.

Actuarial Consulting - Property and Casualty » windstorm mitigation

Merlinos Consultants Attend Florida Hurricane Catastrophe Fund Workshop

Peter Scourtis Speaks at Florida Windstorm Mitigation Committee Meeting