Live Insurance News
By Stephen Vagus
May 16, 2012
This year’s Atlantic hurricane season is scheduled to begin on June 1. The season has yet to begin but has been the subject of speculation throughout the insurance industry. The past two years have played host to turbulent seasons, one of which caused significant damage in the eastern U.S. Some predictions hold that this year’s season may be mild, but Florida may not be able to withstand a hit from a strong storm. The Florida Hurricane Catastrophe Fund (Cat Fund), a state-run service that supplies reinsurance for insurance companies operating within the state, may be unable to handle another disastrous year….
To read the rest of this story, go to:
http://www.liveinsurancenews.com/advisory-panel-warns-that-florida-may-not-be-able-to-handle-an-active-hurricane-season/8512066/
