Business, environmental advocates push for leaner Citizens Insurance
Christian R. Cámara, state director – Florida, The R Street Institute
“The Florida Hurricane Catastrophe Fund and Citizens Property Insurance Corp. pose enormous threats to Florida’s economy. The post-hurricane assessments imposed on virtually every resident and business in the state following a sufficiently bad hurricane season could bring Florida’s job recovery to a halt — or worse, leave entire storm-ravaged areas without claims fully paid due to a Cat Fund shortfall. The 2013 regular session might very well be the last chance the Legislature has to enact meaningful, market-freeing reforms to minimize the possibility of these scenarios before our unprecedented run of hurricane-free summers expires.”
