Florida Hurricane Catastrophe Fund

The Florida Hurricane Catastrophe Fund (FHCF) is a state-backed insurance pool that helps coastal Florida insurers manage the financial risk from hurricanes. Funded mainly through premiums paid by insurance companies, it provides reimbursements after a hurricane causes significant damage. This support ensures insurers can pay claims promptly, helping residents and businesses recover more quickly. The FHCF acts as a safety net, stabilizing Florida’s insurance market and reducing the financial burden of major storms on insurers and policyholders alike.