With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late last week.
Morgan Stanley property-casualty analyst William Wilt said that a conference call with a leading Florida lawmaker on insurance matters has convinced him that 2008 presidential hopefuls will face increasing pressure to support such a program.
Florida State Senator Steve Geller, D-Hallandale Beach, told the analysts of his recent resolution urging lawmakers to withhold support for any presidential candidate failing to support a federal natural disaster plan.
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