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Cat Fund manager sees financing "tool" as potential headache

A tax credit program for property insurers that's designed to provide more liquidity and financing for the Florida Hurricane Catastrophe Fund could be more trouble than it’s worth, the fund’s manager says.

Under the Florida Insurance Tax Pre-Payment Program, insurance companies would receive up to $1.5 billion in tax credits over 10 years if they pay their premium taxes early, allowing the FHFC, or Cat Fund, to use the money to pad its liquidity.

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Filed in: Insurance
Tags: Property Insurance
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