The fate of Florida's fragile property insurance market may depend heavily on what happens in the next round of elections in the Sunshine State.
This year the state will have the most wide open election in its history, with voters choosing not only a new governor but an entirely new Cabinet. The winners will control the regulation of property insurance in Florida and be responsible for deciding whether to keep or to replace current Insurance Commissioner Kevin McCarty.
Just as importantly, the next governor will have to decide whether or not to keep the policies that were put in place under Gov. Charlie Crist. Throughout his term, Crist has been openly combative with the insurance industry. For the past two years he has vetoed measures that insurers said would have helped them remain viable and may have attracted new business to the state.
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