CFO: reform CAT Fund: Florida's CFO would like to restructure the state's emergency CAT Fund to reduce its exposure to massive hurricanes.

Byline: Beatrice E. Garcia

Oct. 10--Alex Sink has been worried about Florida's exposure to future hurricanes since lawmakers expanded the state's catastrophe fund in January.

On Tuesday, the state's chief financial officer offered up a plan to give the governor and the Florida Cabinet more control over the amount of liability that the Florida Hurricane Catastrophe Fund could take on in coming years. Sink will present her plan to the Cabinet next Tuesday. She's drafting a bill that could be taken up by lawmakers before they wrap up the special session this weekend.

The CAT Fund was expanded in January to take on as much as $28 billion in exposure as part of a plan ...

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