fund News

Japan Cabinet OKs $158B Extra Budget for Tsunami

Prime Minister Yoshihiko Noda’s Cabinet on Friday approved a 12.1 trillion yen ($158 billion) extra budget to help fund the reconstruction of Japan’s tsunami-battered northeast. The supplementary budget for the year through March approved Friday also earmarks about 2 trillion …

Florida Hurricane Fund Has $3.2 Billion Shortfall

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 …

Strength of Florida Hurricane Fund Examined

The strength of Florida’s hurricane fund is being examined by a state panel. The fund was created after Hurricane Andrew devastated South Florida in 1992. Insurers get help to pay homeowners if a storm results in widespread damages. But the …

Penn. Municipal Pension Funds Get One-Time Windfall

Pennsylvania’s municipal pension funds are in line for a one-time windfall thanks to a change in how out-of-state insurers submit taxes on their casualty and fire insurance premiums. The Pittsburgh Post-Gazette reported Friday that the money comes from changing the …

Florida Hurricane Fund Chief Warns State in Danger

Florida’s hurricane fund chief is warning that the state-created fund used to help insurers pay off claims after a big storm is in danger. The state has relied on a hurricane fund ever since Hurricane Andrew devastated South Florida nearly …

Vermont Fund Set Up to Help Irene-Ravaged Farms

Grants of up to $10,000 are now available to Vermont farms damaged by the remnants of Hurricane Irene. The Vermont Farm Disaster Relief Fund was formed by the Vermont Agency of Agriculture and the Vermont Community Foundation to help farmers …

Irene Costs Restart Washington Budget Battle

Washington’s never-ending budget battle threatened to snarl the recovery from Hurricane Irene as a top Republican said Monday that any federal aid will have to be offset by spending cuts elsewhere. “Yes there’s a federal role, yes we’re going to …

Wisconsin Repays Medical Malpractice Fund

Gov. Scott Walker says the state of Wisconsin has repaid a medical malpractice fund $233 million after a raid in 2007 done to help balance the budget. Walker announced the payment Tuesday in Green Bay. The state reached an agreement …

Actor Josh Duhamel Named Honorary Flood Fund Chair in North Dakota

Hollywood actor and Minot N.D., native Josh Duhamel has been named honorary chairman of a fund set up for the city’s flood recovery. In a statement, Duhamel said he grew up in Minot and his sister and her family lost …

Republicans Propose Paying Back Wisconsin’s Malpractice Fund

Republican state lawmakers are circulating a bill that would tap more than a third of new tax revenue to repay money taken from a medical malpractice fund. The bill circulated for co-sponsors on Tuesday also eliminates the $30 million projected …