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Florida Approves $224 Million Plan to Bolster State Catastrophe Fund

Southeast News • July 7, 2008
Florida residents might see an increase in property insurance rates because of a plan to bolster the Florida Hurricane Catastrophe Fund. State officials last week approved a plan to spend $224 ...

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Subject: Again the Magic Wand of Legislation

Posted On: July 7, 2008, 4:10 pm CDT
Posted By: Good Hands
Comment:
The scary thing about this is that the $224 million is basically just covering the 'closing costs of the loan' to gain entree to reinsurance. They are closer to a solution. Like moving from Seattle to Spokane is closer to New York... closer but still a l-o-o-n-g way off.
But they can say they 'did' something.
Subject Posted By Posted On
State Cat Fund Debby
Jul 8, 2008, 10:14 am
Again the Magic Wand of Legislation Good Hands
Jul 7, 2008, 4:10 pm
RE: The sad part is...... Robert
Jul 7, 2008, 1:45 pm
The Real Cost Tom
Jul 7, 2008, 10:47 am
The sad part is...... Gill Fin
Jul 7, 2008, 10:33 am
RE: Thought rates were going down? Jace
Jul 7, 2008, 9:54 am
Thought rates were going down? Confused
Jul 7, 2008, 8:27 am
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