Storming Mad
Homeowners' insurance rates are sky high and Democrats have a plan to fix the problem. An excerpt:
Florida’s property insurance market is in crisis. The 2006 Republican-run Legislature knew they had the responsibility to head off the impending disaster, but did they address the problem? Of course not. Republicans had a choice to make between homeowners and insurance companies.
Your insurance bill indicates exactly who they sided with.
Republicans chose to ignore the needs of everyday Floridians and prevent an insurance market meltdown, refusing to make hurricane insurance available and affordable for Florida homeowners. Sure, Republicans passed a bill dealing with insurance, but even some Republicans freely admit that it does absolutely nothing to provide long-term relief for our homeowners.
At the same time, Republicans failed to even look at the Democrats' common-sense solution, which called for the creation of a Florida Hurricane Insurance Fund (HB 1209/SB 2664) patterned after the federal flood insurance program. The plan was validated by authoritative, independent experts who agreed it had the potential to stabilize the market and even reduce premiums.
Floridians deserve affordable hurricane insurance. It will only take one more storm to put Florida in the path of destruction. Visit http://www.stormingmad.org/ to learn more and take action today.
posted by kate @ 8:34 PM
4 comments
4 Comments:
I love how the web site you reference just happens to be sponsored by the Democratic Party of Florida. No biases there ...
further, the expenditure of half a billion dollars a year without some clear definition of a return on that investment does not sound like a good idea to me. Have you even read the bill in question ?
Have you? What about the post in question? I clearly state at the beginning that Democrats have the answer to a crisis Republicans (per usual) are ignoring.
The Cat fund already exists - they are renaming it to focus attention on Hurricane Insurance problems and modeling it after the National Flood Insurance program. It will be funded with surpluses during good years and partly through existing sales tax. Taxpayers will save money spent currently on premiums and "invest" that money any damn way they choose.
Which part don't you get?
I respect your opinion, but I didn't read all that into it. I see an insurance program that might be patterned after the flood insurance program and seems to be at least a solution that we should be looking at. Was there another, better plan out there and the Dems are choosing this? Not that I'm aware of. And at least they're proposing something. Because the current plan ain't it.
You might be right...but don't tell anyone I said that. It'd ruin my reputation.
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