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.
Similar Stories to Florida’s ‘cat Fund’ For Damage Could Face $4.6 Billion Tab After Hurricanes Milton, Helene on Bing News
Jim Saunders, South Florida Sun-Sentinel
Wed, 10/30/2024 - 2:21pm
Topics: council widely the cat initial chris spencer state board administration related articles fort lauderdale suspicious republicans palm beach croquetas hialeah texas florida s teen trump harris oct category sept mexico property gina wilson august bonds had tallahassee tallahassee a helene florida hurricane catastrophe fund hurricane cat cat florida hurricane milton the florida news county sarasota taylor wilson wilson tampa bay damage billion landfall insurers losses hit estimate cash pay program storm cover flood includes direct coverage preliminary pre-event estimated officials early debby post-event area voting
BING NEWS:
- Florida Hurricane Catastrophe Fund could pay out $4.6 billion
"Initial estimates for Hurricane Helene and Hurricane Milton as it relates to the Cat Fund are at $4.6 billion, which the Cat Fund can cover with its current available cash," said Chris Spencer, ...
10/30/2024 - 10:52 am | View Link - Florida’s ‘cat fund’ to cover hurricane property damage could face $4.6 billion tab
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.
10/30/2024 - 10:24 am | View Link - Helene and Milton Damage Is Just the Start of the Climate Tab
Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.
10/28/2024 - 12:29 am | View Link - Damage Estimates for Helene and Milton Pass $100 Billion
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, ...
10/17/2024 - 3:45 am | View Link - Feds have approved nearly $2 billion to help states hit by hurricanes Helene and Milton
The federal government has approved nearly $2 billion in assistance across six states to help people hit hard by hurricanes Helene and Milton, the White House said Wednesday.
10/16/2024 - 10:53 am | View Link - More
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