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  <TITLE> Philadelphia Consolidated Holding Corp. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	June 1, 2006
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  	Philadelphia Consolidated Holding Corp.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Pennsylvania
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  	0-22280
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  	23-2202671
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	One Bala Plaza, Suite 100, Bala Cynwyd, Pennsylvania
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  	19004
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	610-617-7900
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  The Company's insurance subsidiaries Liberty American Insurance Company ("LAIC") and Liberty American Select Insurance Company ("LASIC") have entered into the following agreements on June 1, 2006, which are effective June 1, 2006 through May 31, 2007.<br><br>Reimbursement contracts with the State Board of Administration of the State of Florida, which administers the Florida Hurricane Catastrophe Fund (FHCF). Execution of these contracts is a condition of the subsidiaries writing FHCF covered policies as determined in Section 215.555(2)(c) of Florida Statutes. The subsidiaries purchased coverage to 90% reimbursement. The cost and amount of coverage purchased is determined by the Florida legislature as well as data submissions made by all companies who participate in the FHCF.  Cost and coverage can change based on ultimate exposure submitted to the FHCF and any legislation enacted by the state of Florida. Based on current projections, the cost and amount of coverage is estimated to be as follows: <br><br>&#xF0A7;	For LAIC, the estimated cost is approximately $0.8 million to purchase coverage in the amount of 90% of $12.6 million in excess of $4.0 million.<br><br>&#xF0A7;	For LASIC, the estimated cost is approximately $5.8 million to purchase coverage in the amount of 90% of $96.0 million in excess of $30.4 million.  In addition, LASIC purchased additional reimbursement coverage of $10 million in excess of approximately $7.5 million at an estimated cost of approximately $5.0 million, which includes one prepaid reinstatement premium at no additional charge. LASIC was permitted to purchase this additional reimbursement coverage because it qualifies as a Limited Apportionment Company under Section 627.351(6)(c) of Florida Statutes.<br><br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Philadelphia Consolidated Holding Corp.
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  	&nbsp;&nbsp;
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  <I>
  	June 7, 2006
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  	By:
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  <I>
  	Craig P. Keller
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  <I>
  	Name: Craig P. Keller
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  <I>
  	Title: Executive Vice President, Secretary, Treasurer, and Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_13013.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10093}]
metadata_filer: {"company-data": {"conformed-name": "PHILADELPHIA CONSOLIDATED HOLDING CORP", "cik": "0000909109", "assigned-sic": "6331", "irs-number": "232202671", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22280", "film-number": "06892249"}, "business-address": {"street1": "ONE BALA PLAZA", "street2": "SUITE 100", "city": "WYNNEWOOD", "state": "PA", "zip": "19004", "phone": "6106428400"}, "mail-address": {"street1": "ONE BALA PLAZA", "street2": "SUITE 100", "city": "BALA CYNWYD", "state": "PA", "zip": "19004"}, "former-company": {"former-conformed-name": "MAGUIRE HOLDING CORP", "date-changed": "19930714"}}
text: Philadelphia Consolidated Holding Corp. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  June 1, 2006
  Philadelphia Consolidated Holding Corp.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Pennsylvania
  0-22280
  23-2202671
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  One Bala Plaza, Suite 100, Bala Cynwyd, Pennsylvania
  19004
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  610-617-7900
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  The Company's insurance subsidiaries Liberty American Insurance Company ("LAIC") and Liberty American Select Insurance Company ("LASIC") have entered into the following agreements on June 1, 2006, which are effective June 1, 2006 through May 31, 2007.
  Reimbursement contracts with the State Board of Administration of the State of Florida, which administers the Florida Hurricane Catastrophe Fund (FHCF). Execution of these contracts is a condition of the subsidiaries writing FHCF covered policies as determined in Section 215.555(2)(c) of Florida Statutes. The subsidiaries purchased coverage to 90% reimbursement. The cost and amount of coverage purchased is determined by the Florida legislature as well as data submissions made by all companies who participate in the FHCF.  Cost and coverage can change based on ultimate exposure submitted to the FHCF and any legislation enacted by the state of Florida. Based on current projections, the cost and amount of coverage is estimated to be as follows:
  	For LAIC, the estimated cost is approximately $0.8 million to purchase coverage in the amount of 90% of $12.6 million in excess of $4.0 million.
  	For LASIC, the estimated cost is approximately $5.8 million to purchase coverage in the amount of 90% of $96.0 million in excess of $30.4 million.  In addition, LASIC purchased additional reimbursement coverage of $10 million in excess of approximately $7.5 million at an estimated cost of approximately $5.0 million, which includes one prepaid reinstatement premium at no additional charge. LASIC was permitted to purchase this additional reimbursement coverage because it qualifies as a Limited Apportionment Company under Section 627.351(6)(c) of Florida Statutes.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Philadelphia Consolidated Holding Corp.
  June 7, 2006
  By:
  Craig P. Keller
  Name: Craig P. Keller
  Title: Executive Vice President, Secretary, Treasurer, and Chief Financial Officer