Florida Cat Fund expects $10bn Ian loss as it stresses its ability to raise debt
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Florida Cat Fund expects $10bn Ian loss as it stresses its ability to raise debt

Fiona Robertson, 
Farhin Lilywala
October 26, 2022
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Actuaries advising the Florida Hurricane Catastrophe Fund (FHCF) expect the state reinsurer’s loss from Hurricane Ian could reach $10bn, meaning it will need to issue significant post-event debt to fund next year’s obligations.

The organization’s actuary, Paragon Strategic Solutions, said the $10bn point estimate for the FHCF’s losses was a conservative figure, based on calculations which pointed to a loss range of $4bn-$12bn.

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Fiona Robertson
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Farhin Lilywala
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