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The Advisory Council to the Cat Fund acknowledged the fund would face a $10-$15 billion shortfall if called upon by a major hurricane to generate its full capacity of claim payouts.

Those who criticized the idea of expanding the Florida Hurricane Catastrophe Fund, the state-run alternative to private reinsurance, were fearful that if a big storm came it would mean huge

At a meeting with its financial advisors on Tuesday, the fund's Advisory Council was told that its total reimbursement capacity was estimated at $13.2 billion for a 12-month period and $11.8 billion i

"We have dodged a bullet temporarily," said Ring. "Citizens and taxpayers of Florida need to understand that the single biggest risk to our economy is not our property taxes or real estate

Democrats might just win Florida's crucial electoral votes if they keep campaigning hard for a national catastrophe insurance fund, an idea opposed by Republicans. Democratic ...

Democrats might just win Florida's crucial electoral votes if they keep campaigning hard for a national catastrophe insurance fund, an idea opposed by Republicans. Democratic ...

The Independent Insurance Agents & Brokers of America said the association's disaster relief fund is ready to help industry members suffering the effects of Hurricane Gustav in the South and other cat

The Democratic Party has approved a plank in its platform for the coming election that calls for creation of a national catastrophe fund. An advocate for such legislation said the move was a first for