The good news for Florida this hurricane season extends beyond the quiet storm activity.  According to an October Miami Herald article, financial consultants suggest that the Florida Hurricane Catastrophe Fund (FHCF) is as strong as ever with $10 billion in cash on-hand. The FHCF will be able to cover its obligations this hurricane season after years of accruing value. 

The FHCF was created after Hurricane Andrew when the Florida property insurance market virtually collapsed.  It is essential today in providing reinsurance protection on a tax-exempt and non-profit basis, supplementing the private reinsurance market. 

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