So they can only cover half of their exposure? Seems to me that since they have taxed everyone but the propertyowners themselves, maybe they ought to either allow companies to use actuarially sound rates, or mandate 50% coverage and let it be a half-cover market. And Rick Scott opining about establishing a fed cat-wind fund just shows how out of touch folks are in Florida….just stop building or build hurricane proofing into the codes. Why should the rest of the country subsidize Florida? Who else would benefit? maybe some in Louisiana, Alabama, Mississippi occassionally, but mostly just Florida…there’s always talk about states rights, what about states responsibilities? eventually the state will have to get out of the way, either in the voluntary market or through Citizens, but this nonsense will have to stop sometime, no?
So they can only cover half of their exposure? Seems to me that since they have taxed everyone but the propertyowners themselves, maybe they ought to either allow companies to use actuarially sound rates, or mandate 50% coverage and let it be a half-cover market. And Rick Scott opining about establishing a fed cat-wind fund just shows how out of touch folks are in Florida….just stop building or build hurricane proofing into the codes. Why should the rest of the country subsidize Florida? Who else would benefit? maybe some in Louisiana, Alabama, Mississippi occassionally, but mostly just Florida…there’s always talk about states rights, what about states responsibilities? eventually the state will have to get out of the way, either in the voluntary market or through Citizens, but this nonsense will have to stop sometime, no?