FHCF blames 2005 for $693mn bond issue
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FHCF blames 2005 for $693mn bond issue

Think that property cat reinsurance is a short-tail class? It might be time to think again because the Florida Hurricane Catastrophe Fund (FHCF) is selling $693mn in bonds - apparently to pay for claims for the heavy 2004-05 years....

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