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

Cattle Ranchers Search for Feed as Wildfires Burn Grazing Lands

Posted: Feb 23, 2026

Pasture lands have been stripped down to a sea of sand after wildfires tore across the U.S. Plains,...

Neptune Reports Drop in Profit for 2025 But Strong Growth After IPO

Posted: Feb 23, 2026

The parent of St. Petersburg-based Neptune Flood reported a 63% drop in profit for 2025, along with...

Volvo Cars to Recall 40,000 Electric SUVs Over Battery Fire Risk

Posted: Feb 23, 2026

Volvo Cars will recall over 40,000 of its flagship electric EX30 SUVs because their battery packs ri...