hurricane tax

Florida’s hurricane fund remains strong heading into season

Published on May 18, 2017 in Statewide/Top Headlines by Associated Press

The Florida fund that helps private insurers pay out claims after a hurricane continues to be in strong shape ahead of storm season. Estimates prepared by Raymond James show the Florida Hurricane Catastrophe Fund will have $17.6 billion available this year. This marks the second year in a row that fund has more money than it would need to pay out if storms racked the state. The estimates are expected to be formally approved Thursday by a panel overseeing the…

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Florida’s hurricane fund in best shape ever ahead of season

Published on May 13, 2016 in Statewide/Top Headlines by Gary Fineout

Florida’s continued lucky streak when it comes to dodging hurricane is helping a key state fund reach its best financial shape ever in the two decades it has been in place. The state-created fund known as the Florida Hurricane Catastrophe Fund should have $17.4 billion available for the Atlantic hurricane season that starts June 1. This marks the first time ever that the fund has more money than it would need to pay out if storms racked the state. The…

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