Tampa Bay Times

Catastroph­e Fund may pay out $5.1B

- Times staff and wires

Hurricane Irma’s rampage may require the state fund that provides backing to private insurers to pay up to $5.1 billion in claims. Anne Bert, chief operating officer for the Florida Hurricane Catastroph­e Fund, said the fund will be able to pay claims with cash and not borrow any money. The financial health of the fund is important because the state can impose a surcharge on most insurance policies if money runs out.

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