NU Online News Service, June 17, 3:30 p.m. EDT

The Florida Hurricane Catastrophe Fund and Florida Citizens Property Insurance Corp. have more than $2 trillion in total exposures, exceeding the exposures of eight other similar state programs combined, according to a new report by the Government Accountability Office (GAO).

The report reviewed the status of state natural catastrophe insurance programs in Alabama, California, Florida, Louisiana, Mississippi, North Carolina, New Jersey, South Carolina and Texas.

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