The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean the fund will have borrow billions next year – at steep interest rates.
“We’ve been here before. We’re going to do what we’ve always done, and we’ve done it well,” Gina Wilson, chief operating officer of the cat fund, said at a fund advisory council meeting this week. “We are well-prepared for Hurricane Ian and we can cover our obligations.
A claims-paying capacity report from