National Cat Fund Gains Congressional Support ... But Is It Enough?

Wednesday, May 30th, 2007 Legislation & Regulation

Unlike Florida’s Capitol in Tallahassee, where lawmakers have taken a number of actions to address the state’s insurance crisis with arguable results, solutions at the federal level have been hard to come by. Not long after Hurricane Andrew smashed through South Florida in 1992, causing $16 billion in insured damage, Florida’s representatives in Congress began seeking a national catastrophe insurance fund. The idea has gone nowhere.

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http://www.insurancejournal.com/news/national/2007/05/30/80108.htm

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