Newspaper article Sarasota Herald Tribune

Winner of the Week

Newspaper article Sarasota Herald Tribune

Winner of the Week

Article excerpt

WINNERS OF THE WEEK

The "Cat" Fund

As the 2016 hurricane season approaches, Ash Williams, head of the State Board of Administration, reported the Hurricane Catastrophe Fund is in its best-ever financial shape. The fund, which provides a critical financial backstop to the insurance industry, is prepared to provide up to $17 billion in extra storm damage coverage, Williams said. It would be enough to handle a storm like 1992's Andrew, which resulted in $26 billion in damages in 2015 dollars, but it would fall short of a storm like Katrina, which resulted in some $80 billion in losses in the Gulf of Mexico states in 2005.

LOSER OF THE WEEK

League of Women Voters

In a 4-3 decision, the Florida Supreme Court ruled the state does not have to reimburse the LWV and other members of a voting coalition for legal fees related to the successful appeal of a case that overturned Florida's congressional district lines. …

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