Cat Fund Expects to Reimburse Insurers But No Assessments
Florida Hurricane Catastrophe Fund Chief Operating Officer Anne Bert provided an update to key legislative committees this week relating to the FHCF’s expected reimbursement obligations arising from Hurricane Irma. Ms. Bert stated that current projections suggest the FHCF’s ultimate losses from Irma will be between $3 billion and $5 billion. This amount is well-within the FHCF’s claims-paying resources and is not expected to produce assessments