Florida Hurricane Catastrophe Fund in robust health, report says
The Florida Hurricane Catastrophe Fund holds $17.5 billion in liquid assets, enough to meet its statutorily mandated reserves with $500 million left over, administrators said Tuesday. Furthermore, the fund, a backstop to the state’s property insurance companies, can easily go to the financial markets to raise money if Florida suffers storm damage sufficient to strain its reserves. That, according to a report delivered during a meeting of the fund’s advisers in Tallahassee. “The bottom line is, the Cat Fund is…
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