FIGA markets $600mn muni bonds to cover insolvent carrier claims
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FIGA markets $600mn muni bonds to cover insolvent carrier claims

Thorsten Schier
June 27, 2023
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As a sign of mounting pressure on the Florida homeowners’ insurance market, the Florida Insurance Guaranty Association (FIGA) is selling $600mn of municipal bonds to back-stop insurance claims against insolvent carriers.

Media reports state that it is the first time since 1993 following Hurricane Andrew the association is selling these types of bonds.

The

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NewsMajor lossesHomeowners' insurancePersonal Lines
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Thorsten Schier
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