Calm Before the Storm

Slavin, Al
June 2009
Best's Review;Jun2009, Vol. 110 Issue 2, p48
Trade Publication
The article reports on the effort of lawmakers to reduce a catastrophe-fund shortfall estimated at $13 billion before the start of the hurricane season in Florida. The Aon Benfield report said that some carriers with later renewal dates are trying to move ahead of June or July renewal season in anticipation of a capacity issue. A bill to phase out $12 billion of liability from its catastrophe fund over a six-year period was passed by the Florida Legislature.


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