Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums.
And a number of Florida property insurers will take a hit from the recent storms, but that, too, will be manageable.
Related: Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit
That’s the word from the Cat Fund’s advisory council and from KBRA, the ratings firm previously known as Kroll Bond Rating Agency, which rates about 13 Florida-based carriers.
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