Florida Selling $693 Million of Bonds for 2005 Hurricane Damage
May 12 (Bloomberg) — The Florida Hurricane Catastrophe Fund Finance Corp., a state-run reinsurer, is selling about $693 million in tax-exempt revenue bonds tomorrow to cover damage claims for storms in 2005, the most-active season on record. Proceeds will help reimburse insurers for $5.7 billion of claims for storms …
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