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.
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 abou