Florida Hurricane Catastrophe Fund Archives

Florida Gets 8 New P/C Carriers After Insurance Market Reforms

Following legislative reforms designed to promote market stability, eight property and casualty insurers were approved to enter Florida's insurance market, according to Florida's Office of Insurance ...

Florida Cat Fund May Borrow Billions Next Year, Even Without Another Storm

The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean ...

Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance

Seeing no action on bills that would address Florida's spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers' payments to the ...

Florida Insurance Still Pricey Despite Storm-Free Seasons

Living in a (semi)-tropical paradise has a price—and apparently, not even going nine years without a major hurricane strike will change that. While Florida's property insurance market has ...

Florida Insurers in ‘Rock Solid’ Shape as Hurricane Season Opens

The 2015 Atlantic hurricane season opens on Monday, and a combination of a forecast for fewer-than-average storms and the highest level ever of financial resources on hand in Florida to pay claims ...

Florida Cat Fund Has $13B as Hurricane Season Starts

Florida is entering a new hurricane season with continued good news. The state-created fund that backs up private insurers in Florida has billions in the bank and appears capable of withstanding a ...

Fla. Hurricane Fund Still Strong at End of Season

Florida is ending this year's storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been in since it was ...