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

AM Best Upgrades Issuer Credit Rating of First Chicago Insurance Group Members

Posted: Mar 06, 2026

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bb+” (Fair...

AI ‘Man Camps’ Offer Golf, Free Steaks to Lure Workers in Texas

Posted: Mar 06, 2026

Companies competing for workers to build data centers are finding that a motel room with sluggish Wi...

NHTSA to Hold Self-Driving Safety Forum With CEOs of Waymo, Zoox, Aurora

Posted: Mar 06, 2026

The National Highway Traffic Safety Administration will hold a national autonomous vehicle safety fo...