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However, changing tax policy may be difficult, he noted, suggesting that the industry should act responsibly by reserving regardless of the immediate tax implications, "which will give it the

Florida Chief Financial Officer Alex Sink unveiled a proposal today to reform the Florida Hurricane Catastrophe Fund, which she said could reduce the potential for future assessments on Florida's insu

However, changing tax policy may be difficult, he noted, suggesting that the industry should act responsibly by reserving regardless of the immediate tax implications, "which will give it the credibil

For the past 13 years, Florida property insurers have been comforted knowing that no matter how many severe hurricanes hit the state, they always had a backstop of reinsurance through the Florida

He said Association's more than 350 member companies do not want to see Congress "go down the road of providing incentives that would create more state mechanisms "that would interfere with the privat

While the State of Florida remains transfixed by the thought of another hurricane season and the possible economic impact it may spawn, one thing is clear: Don't expect the federal government to come

The action came at the State Board of Administration meeting yesterday in Tallahassee in an effort to give the fund enough cash on hand to pay claims for six months while it arranges longer-term finan

The action came at the State Board of Administration meeting yesterday in Tallahassee in an effort to give the fund enough cash on hand to pay claims for six months while it arranges longer-term finan