News
Florida to Borrow Billions to Backstop Insurers After Hurricanes
Published on January 23, 2024 • Insurance Journal
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.
Photo: Eva Marie Uzcategui/Bloomberg
Leave a comment