FIC: CAT Fund Restructuring Bill Filed
By: Katrina Callaway, FIC General Counsel Rep. Santiago (R) filed HB 561 on January 25, 2019 to restructure the Florida Hurricane Catastrophe Fund (FHCF). No Senate companion bill has been filed yet. Under the bill, the FHCF retention is lowered from $4.5B to $3.2B and the capacity is lowered from $17B to $7B. New coverage…