Southeast News
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Florida's CFO Gallagher Backs National Catastrophe Fund
Southeast News • November 25, 2005
A National Catastrophe Fund that would provide assistance for insurance claims in Florida has been endorsed by Tom Gallagher, Florida's CFO. The CFO's recommendations came after officials, ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: Not so | David | Nov 28, 2005, 2:26 pm |
| RE: Not so | Hoosier Daddy | Nov 28, 2005, 12:23 pm |
| new savings account | morgan | Nov 28, 2005, 12:19 pm |
| Not so | pantsonfire | Nov 27, 2005, 10:30 pm |
| old news | LL | Nov 27, 2005, 8:45 pm |
| Back to article | ||
Subject: RE: Not so
This is nothing more than a political ploy to keep Florida's rates lower than they actuarily need to be. It' much more politically palatable to gouge the rest of the country so that he does not have to address the fact his "approved rates" for the coastal areas are 200% to 400% under where they should be.
The difference in the mindset of the various states can't be better illustrated than on this issue. Whereas most of the US population would be too proud to ask for others to subsidize their luxuries the coastal florida residents have no problem in asking for me to pay their insurance premium. They elect people who have even less ethics and spine than they do.