Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary …
Florida’s hurricane fund is confronting a potential $3.2 billion shortfall, financial experts said 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 South …
Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has industry leaders, Gov. Rick Scott and …
The Florida Hurricane Catastrophe Fund has been given more time to respond to an influx of claims from 2005 storms. A state panel chaired by Gov. Rick Scott approved an emergency rule waiving a 60-day deadline for acting on claims …
