Florida Cat Fund reform clears key senate committee
A bill aiming to reduce the limits available and increase co-reinsurance levels under the Florida Hurricane Catastrophe Fund (FHCF) has been approved by the Florida Senate banking and insurance committee.
In 2007, the state of Florida increased the coverage limits of the FHCF for the 2007, 2008 and 2009 hurricane seasons by adding Temporary Increase in Coverage Limit (TICL) options that allow an
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