Tag: Florida Hurricane Catastrophe Fund

Michael MolineOctober 18, 2016

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 […]

Staff ReportsOctober 11, 2016

A coalition of business, consumer, and environmental groups found vindication Tuesday in the insurance industry’s ability to absorb the damage from Hurricane Matthew. Stronger Safer Florida in a news release credited “good luck and prudent decisions by the Florida Legislature” for the industry’s ability to weather the storm. Specifically, lawmakers and regulators invested in the […]

Guest AuthorSeptember 16, 2016

Recent Tropical Storm activity in the Gulf of Mexico and the Atlantic Ocean remind us of one thing — Florida is ground zero for tropical weather activity. In June, parts of Florida’s Gulf Coast became inundated with rain, causing flash flooding, tornado spin-offs and heavy wind as Tropical Storm Colin made landfall in Florida’s Big […]


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