Florida CFO Alex Sink recently sat down with Florida Underwriter's Joan Collier and Gary Fineout to discuss Citizens Property Insurance Corp, the Cat Fund, and the state of the industry in general.
Q. Florida Underwriter: The Cat Fund has been getting some very negative comments lately from the Florida Insurance Council, A.M. Best, and other industry observers. How bad do you think things are, and how are you going to fix them?
A. Sink: The notion of the Cat Fund is a good and solid one. We have heard our advisor say that many times over – the structure we set up after Hurricane Andrew, with the mandatory layer, was good, and did provide stability in the insurance market.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
