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Need for National CAT Fund Falls on Deaf Ears

While the State of Florida remains transfixed by the thought of another hurricane season and the possible economic impact it may spawn, one thing is clear: Don't expect the federal government to come

By Michael H. Adams | Updated on July 31, 2007

While the State of Florida remains transfixed by the thought of another hurricane season and the possible economic impact it may spawn, one thing is clear: Don’t expect the federal government to come to the rescue any time soon. That was just one of the major points issued by Alex Soto at the Florida Association of Insurance Agents’ 103rd Convention and Education Symposium.

Soto is president of the Miami-based InSource, Inc., and is a former chairman of FAIA. These days, however, he is chiefly known as the president of the Big “I,” the national Independent Insurance Agents & Brokers Association. Speaking at FAIA’s convention, Soto offered a range of thoughts concerning agents and the latest happenings on the state and federal level.

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