Posted On: June 21, 2008, 10:01 pm CDT

Posted By: T.H.

Using bonds to sell to investor's is good, as well as developing a state water/wind pool with premium taxes, but the long term answer is to require all insurance companies licensed in FL to purchase intermediate layers of re-insurance -- they all require -- from a 'state run fund'. FL can't continue to pass off their Wind/Water related losses onto the insurance industry. They need to figure out how to become self-sufficient in solving their own unique problems. This has worked on other lines of coverage for other states, (MN) so no reason it couldn't work in FL.