Thirteen insurers qualified for loans totaling $247.5 million and helped produce $543.5 million in total new capital for the hurricane insurance market through the Insurance Capital Build-Up Incentive Program enacted during the 2006 regular session. They have assumed more than 1.7 million policies and become a key component of the newly-emergency domestic (Florida-based) property insurance market.

The State Board of Administration, which administered the program, provided this update, including the list of companies.

Domestics: Capital Build-up Incentive Program Companies