Democratic gubernatorial candidates Jim Davis, current Congressman from Tampa, and state Senator Rod Smith of Alachua were often seen during July offering differing ideas for how to solve the state’s worsening insurance problems, while criticizing each other’s proposed solutions. They face off in the Sept. 5 primary.

Smith’s proposal creates a constant pool of funds to cover debts incurred by Citizens and the Florida Hurricane Catastrophe Fund. He also wants to create a new state pool for hurricane losses to cover some portion of the first $50,000 to $100,000 of insured value. Private insurers would handle all the paperwork and be expected to offer policies for greater losses.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.