|Florida's insurance fund strong for storm season|
|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 entire article: Florida's insurance fund strong for storm season