Florida’s government-run insurance system has amassed record cash reserves as hurricanes bypassed the state since 2005. That hasn’t helped investors in its bonds, with some trailing benchmarks by the most since February.
The film version of “ Rabbit Hole ,” David Lindsay-Abaire ’s Pulitzer Prize-winning play about a suburban couple coping with the death of their 4-year-old son, proves that a depressing subject needn’t be humorless.
Florida’s catastrophe fund is set to sell $2 billion of taxable revenue bonds this week, the biggest municipal-debt offer since 2007 in the state, which hasn’t been struck by a major hurricane in seven years.
With the Atlantic hurricane season days away, bonds of Florida’s largest real-estate insurer are rallying the most in nine months as forecasters assess a below- average chance the state will be hit by a major storm.