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Florida's insurance fund strong for storm season E-mail
News - St Augustine Area & St Johns County
TALLAHASSEE — Florida’s state-created fund intended to help private insurers pay out claims after a hurricane has billions in the bank as hurricane season starts, indicating it’s capable of withstanding a big storm this year. New estimates show the Florida Hurricane Catastrophe Fund should have nearly $13 billion available for the Atlantic hurricane season that starts June 1. “We are very strong at this point and very capable of handling a large event,” said Jack Nicholson, chief operating officer for the fund. read more

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