Hurricane Could Drain Florida Cat Fund’s Reserves. But That May Be OK, Report Says

Share!

Insurance Journal - Aug 01, 2024

A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s reserves, potentially forcing it to place a small surcharge on Florida insurance premiums to finance more debt. But that may …...

Read Full Article

Recommended Articles

FBI Says Arson Suspect Targeted Mississippi Synagogue That Was Bombed in 1967

Posted: Jan 14, 2026

A suspect in an arson fire at a synagogue that was bombed by the Ku Klux Klan decades ago admitted t...

Baldwin Group Acquires Illinois’ Obie

Posted: Jan 14, 2026

Florida-based global insurance broker The Baldwin Group announced it has completed the acquisition o...

Business Moves: ALKEME Expands in US With Addition of 5 Agencies

Posted: Jan 14, 2026

Brokerage ALKEME Insurance said it has acquired five agencies over the last quarter to enhance its p...