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Florida’s ‘Cat Fund’ eyes $10 billion in Ian losses

Por: Orlando Sentinel Nation October 27, 2022

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TALLAHASSEE — The Florida Hurricane Catastrophe Fund, a state program that provides critical backup coverage to property insurers, is estimated to have $10 billion in losses from Hurricane Ian, officials said Wednesday. The program commonly known as the “Cat Fund” will be able to handle Ian’s financial hit, though it will go into the 2023 hurricane season with reduced amounts of cash. “We feel very confident that we can cover our... + full article



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