Cat Fund News

Florida’s state-created fund intended to help private insurers pay out claims after a hurricane has billions in the bank as hurricane season starts, indicating it’s capable of withstanding a big storm this year. New estimates show the Florida Hurricane Catastrophe …

Florida’s hurricane fund is confronting a potential $3.2 billion shortfall, financial experts said Tuesday in a new estimate of the money available to the pool intended to help insurers make disaster payments. The fund was created after Hurricane Andrew devastated …