TALLAHASSEE – An “unlikely coalition” of supporters called on lawmakers today to rally around last minute attempts for property insurance reform during the final days of the 2011 legislative session. An array of Florida business groups and charitable organizations including Associated Industries of Florida, the Florida Wildlife Federation, the Heartland Institute and Florida TaxWatch addressed the importance of meaningful legislation which would reduce hidden “hurricane taxes,” reform Citizens Property Insurance Corporation, and foster a healthy private insurance market.. . . . .Thomas Perrin, Director of Public Affairs, The James Madison Institute
“As we head into another hurricane season, Florida’s lawmakers need to address some major flaws in our current property insurance system. With more than $2 trillion in coastal exposure, Florida must spread its risk as widely as possible to keep from adding economic devastation to the natural devastation that hurricanes create. With all of the policies that Citizens now owns, even a modest storm could unfortunately force taxpayers to foot the bill.”. . . . .Read Full Press Release
2011
