|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the ALL 8-K filed Feb 1, 2006. FHCF – The
Florida Hurricane Catastrophe Fund (“FHCF”) provides 90% reimbursement of
qualifying losses up to an estimated maximum.
For the 6/1/2005 – 5/31/2006 hurricane season, this maximum is estimated
to be $945 million in excess of Allstate’s retention of $262 million for the
two largest hurricanes and $87 million for other hurricanes. These estimates are subject to annual
measurements at the beginning of the FHCF fiscal year of 6/1. This is an annual program with a first season
and second season coverage provision.
(7) FHCF – The Florida Hurricane Catastrophe Fund (“FHCF”)
provides 90% reimbursement of qualifying losses up to an estimated maximum. For
the 6/1/2005 – 5/31/2006 hurricane season, this maximum is estimated to be $945
million in excess of Allstate’s retention of $262 million for the two largest
hurricanes and $87 million for other hurricanes. These estimates are subject to
annual measurements at the beginning of the FHCF fiscal year of 6/1. This is an
annual program with a first season and second season coverage provision.
(7) This excerpt taken from the ALL 8-K filed Jan 10, 2006. FHCF – The
Florida Hurricane Catastrophe Fund (“FHCF”) provides 90% reimbursement of
qualifying losses up to an estimated maximum.
For the 6/1/2005 – 5/31/2006 hurricane season, this maximum is estimated
to be $945 million in excess of Allstate’s retention of $262 million for the
two largest hurricanes and $87 million for other hurricanes. These estimates are subject to annual
remeasurements at the beginning of the FHCF fiscal year of 6/1. This is an annual program with a first season
and second season coverage provision.
(7) | EXCERPTS ON THIS PAGE:
RELATED TOPICS for ALL: |
| |||||||
