April 8, 2009
Florida Homeowners Reinsurance Conference CallAccording to Credit Suisse, homeowners’ insurers in Florida rely heavily on $29 billion of cheap reinsurance provided by the Florida Hurricane Catastrophe Fund (FHCF). However, given its funding status, it is expected that the FHCF would have a deficit of more that $18 billion in the event of a large hurricane. Without a secure funding…
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