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Projected FHCF Capacity Continues to Exceed Single Season Limit

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.