Category: Florida Hurricane Catastrophe Fund

Florida CAT Fund healthy; considers what-if scenarios

May 21, 2018

The Florida Hurricane Catastrophe Fund has reserves enough to easily cover its Hurricane Irma liabilities — as much as $300 million in excess of its $17 billion statutory liability limit. But what happens if a major storm — or a …

Cat Fund celebrates 25th birthday

May 21, 2018

The Florida Hurricane Catastrophe Fund turns 25 this year. The Legislature created the official reinsurance pool after Hurricane Andrew caused more than $10 billion in residential losses — vastly more than was thought possible. Insurers had collected a mere $1 …