Shutterstock_2209129459

25 January 2024Reinsurance

Florida may tap markets for $1.5bn to bolster depleted cat fund

The Florida Hurricane Catastrophe Fund could be bolstered to the tune of $1.5 billion at points in the first half of the year, still only a small fraction of the hit the fund took after Hurricane Ian.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Florida cites 32 insurer red flags in H2; three carriers put on watch

4 January 2024 Regulators focus their ire on mass non-renewals and sizeable rate hike requests.

Florida insurers offload losses to Citizens, but still deep in red

31 March 2023 Florida-focused insurers shrink their way to a 15% cut in underwriting losses to $1.4bn.

Florida reforms bear long-term gain, leave short-term pain: Fitch

23 December 2022 Florida-focused carriers remain in reinsurance bind; what they can’t fund, taxpayers will.

More articles

Delegated authorities ride E&S growth, despite ‘double-edged’ risks

Rokstone launches $10m facility to cover global perils with NormanMax

CFC continues transaction liability expansion with new European office

WTW teams up with Kayna and Vibrant to enhance cybersecurity insurance

Britannia P&I to seek minimum 7.5% rate gain from members in 2025/6

Root Platform launches programme to upskill insurance industry coders

Property looks perma-hard, but never care-free, says Zurich’s Greco

Allstate faces $4.8bn YTD cat losses

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze