Florida’s state-created state-funded hurricane fund, the Florida Hurricane Catastrophe Fund, is expected to have $10.16 billion available for the Atlantic hurricane season starting on June 1. This could potentially reignite debate over whether state officials should use the fund to lower insurance rates. The fund, which offers reinsurance at lower prices than the private market, has had to pay billions in recent years due to devastating hurricanes. Wall Street firms and financial advisers have concluded that its borrowing limit exceeds what it would need to cover losses this year. The funds already have access to $3.25 billion in proceeds and could borrow an additional $6.8 billion if needed.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
