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

Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

Posted: Nov 28, 2025

Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns abou...

Illinois Roofing Company Sued for Race and Sex Harassment

Posted: Nov 26, 2025

Anthony Roofing Tecta America LLC and Tecta America Corporation, roofing services providers in Illin...

Tyson Foods’ Decision to Close Nebraska Beef Plant Could Hurt Ranchers Nationwide

Posted: Nov 26, 2025

Tyson Foods’ decision to close a beef plant that employs nearly one third of residents of Lexi...