Projected FHCF Capacity Continues to Exceed Single Season Limit
The Florida Hurricane Catastrophe Fund (FHCF) continues to project that it can fully meet its $17.0 billion in potential reimbursement obligations from one or more hurricanes arising in a single season. Recent projections suggest the FHCF could issue $7.6 billion in bonds over a 12-month period following an event. This exceeds the amount that would be needed for the FHCF to satisfy the $17.0 billion in aggregate capacity that would be reimbursable to insurers under their FHCF contracts.
The FHCF further projects that it could raise an additional $6.5 billion in a second year. This would allow the FHCF to provide approximately 61% of the $17.0 billion in capacity that would be needed to fully fund a second season after depletion of the FHCF in an initial season.