Bill Nelson: Insurance Companies Won’t Be Going Bust with Irma as They Did in Hurricane Andrew

‘Now there is a big hurricane catastrophe fund’

RUSH EXCERPT:
DICKERSON: "And, finally, quickly, Senator, you were an official in Florida who has dealt with these before in terms of insurance and that angle. Tell us your expectations of how this is going to affect homeowners throughout the state in the aftermath of this storm?"
NELSON: "Now there is a big hurricane catastrophe fund. It’s a re-insurance fund. It’s got billions of dollars of reserves. People should be well-off because the insurance companies won’t be going bust, like they did in Hurricane Andrew."

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