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Tag: natural cat disasters

Florida to Borrow Billions to Backstop Insurers After Hurricanes

Prepare for active hurricane season

The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or destroyed by hurricanes.

Published January 25, 2024
Categorized as Show on Homepage Tagged cat losses, Florida Cat Fund, natural cat disasters
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