Florida Hurricane Fund Financially Sound, Ready for Storm Season

Florida’s continued lucky streak when it comes to dodging hurricanes is helping a key state fund reach its best financial shape ever in the two decades it has been in place.

The state-created fund known as the Florida Hurricane Catastrophe Fund should have $17.4 billion available for the Atlantic hurricane season that starts June 1. This marks the first time ever that the fund has more money than it would need to pay out if storms racked the state.

 

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