TITLE

Florida Cat Fund Eyes $1.3B

AUTHOR(S)
Sigo, Shelly
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/7/2006, Vol. 356 Issue 32356, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the possible move of Florida Hurricane Catastrophe Fund Corp. (FHCF) for the forthcoming hurricane season. The FHCF might issue as much as 1.3 billion of revenue bonds and look for other financing mechanisms to pay debts and bolster the state-run reinsurance program. Jack Nicholson, the Fund's senior officer, stressed that FHCF now has a deficit of 955 million dollars due to claims from eight hurricanes that hit the state in the past two years.
ACCESSION #
20475359

 

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