Florida’s homeowners insurance market is broken. Here’s my plan to fix it:
Hurricane and wind risk can make up 60–70% of a homeowners insurance bill. So instead of forcing every Florida family to pay private insurers to take on that enormous risk:
• Florida creates one strong, state-backed hurricane fund.
• We build that fund to a financially sound level and buy backup insurance for catastrophic storms.
Hurricane and wind risk can make up 60–70% of a homeowners insurance bill. So instead of forcing every Florida family to pay private insurers to take on that enormous risk:
• Florida creates one strong, state-backed hurricane fund.
• We build that fund to a financially sound level and buy backup insurance for catastrophic storms.