Comment on Florida’s ‘cat fund’ for damage could face $4.6 billion tab after Hurricanes Milton, Helene

Florida’s ‘cat fund’ for damage could face $4.6 billion tab after Hurricanes Milton, Helene

TALLAHASSEE — A state program that provides critical backup coverage for property insurers could pay out an estimated $4.6 billion because of claims from hurricanes Milton and Helene, officials said Wednesday. If that preliminary estimate holds, the Florida Hurricane Catastrophe Fund would have adequate cash to cover its share of losses, leaders and a financial adviser told members of the Florida Hurricane Catastrophe Fund Advisory Council.

 

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