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 swarm of them — wipes out the fund’s assets? It might have to demand emergency assessments of a broad array of policyholders.