Florida Hurricane Catastrophe Fund News

Florida Hurricane Fund Still in Good Shape

Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary …

Florida Cat Fund Cash-Ready for Hurricane Season

Florida’s state-created fund intended to help pay out claims after a hurricane has reached a historic milestone. For the first time ever, the fund is entering a storm season with enough cash and assets on hand to pay off everything …

Florida Hurricane Cat Fund Finances in Good Shape

The Florida fund that helps private insurers pay out claims after a hurricane is remaining strong near the end of storm season. New estimates approved Tuesday show that the Florida Hurricane Catastrophe Fund should have nearly $13 billion available. Wall …

Florida Hurricane Fund Still Strong at End of Season

Florida is ending this year’s storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been since it was created 20 years ago. New estimates drawn …

Florida Looks to Restructure Its Hurricane Fund; Federal Option Proposed

Florida lawmakers are poised to consider restructuring the state-run property reinsurance facility by possibly lowering its mandatory annual capacity by billions due to concerns that one major storm could exhaust its resources and leave insurers without further coverage. The Florida …

Florida Insurance Fund Could Be Short of Cash Needs

A state-created fund that backs up private insurers in Florida could fall short of the money it needs to pay off hurricane insurance claims if a major storm were to pound the state. A new round of estimates drawn up …