Florida Looks to Restructure Its Hurricane Fund; Federal Option Proposed

January 18, 2013
Palm Trees Blowing in the Wind

  • January 18, 2013 at 2:56 pm
    SWFL Agent says:
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    I always get confused when state politicians solicit help from the Federal Gov’t. On one hand I hear state politicians complain and “states rights” and keeping the Feds out of their business and then you see this type of legislation that asks for Federal programs. I am not sure the good people of Arizona want to pay for our hurricane losses.

  • January 18, 2013 at 4:29 pm
    InsGuy says:
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    Remember, most of them are lawyer. It’s their nature to seek out the deepest pocket regardless of accountability.

  • January 21, 2013 at 10:58 am
    Mr. Solvent says:
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    If we had a $100 cat fund assessment added to each policies, that’s about $4 billion in revenue. If we went another 7 years without a major event, that’s $28 billion (assuming no investment income) in claims paying ability for the Cat fund in addition to the 7 billion they have. Plenty for even the worst event. Unfortunately no politician would risk charging the people less than $10 per month to make a bad system good.

  • January 22, 2013 at 8:46 am
    TNReader says:
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    Easy solution (that won’t happen)…..charge premiums that reflect the actual risk.



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