NU Online News Service, April 15, 4:20 p.m. EDT
Loosening credit markets have boosted the Florida Hurricane Catastrophe Fund's anticipated post-event bonding capacity by an additional $5 billion, easing the shortfall in projected claims-paying ability for the fund, a FHCF spokesman said.
The FHCF had projected it had $3 billion in post-event bonding capacity heading into the upcoming hurricane season, said Dennis MacKee, director of communications for the FHCF, but it is now projected to have as much as $8 billion.
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