TITLE

Florida Insurance Company May Market Deal to Cover Claims

AUTHOR(S)
DeSue, Tedra
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/3/2006, Vol. 355 Issue 32331, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Florida Citizens Property Insurance Corp.'s bond deal which aims to raise capital to fund the anticipated gap in the amount of funds it has to pay claims and the amount needed for the upcoming hurricane season. Chief financial officer Terri Slack explains that the company currently has $10 billion to fund all of its accounts. He adds that the company is also planning to obtain reinsurance to cover the gap.
ACCESSION #
20281871

 

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