“Some of our companies think it is a good idea and some of them probably don't,” says Miller. “It is something we [as a state] have always looked at and always wanted to be in.”

However, the reality is that there is no political will at the federal level to do it, he says.

“There isn't a whole lot of expectation that this is anything Congress is going to do,” says Miller. “They are struggling to re-authorize the National Flood Insurance Program.”

Miller notes that Florida is seeking answers to what is clearly a potentially tremendous exposure to hurricane risk.

“We have a huge hurricane risk down here and we're trying to be prepared for the nightmare storm that could cause $50 to $75 billion in losses and it is more than our system can accommodate right now,” says Miller, referring to the state's homeowner insurer of last resort, Citizens, which is also the largest homeowners insurer in the state with more than 25 percent of the market.

Miller says any insurance plan that could act as an additional insurer to the state “would be very important to Florida.”

However, he says attempts at creating such a catastrophe program have been tried for 20 years and they have never gained traction in Congress.

Miller notes, “I don't think there is a whole lot of expectation that anything like that would be considered soon.”

He notes that the Florida Insurance Council is a state association and does not get involved in federal issues, so it has taken no official position regarding a federal catastrophe plan.

However, “anything that would help Florida, that is more likely than any other state to face a $75 billion event, get through that event, it is something we would want to explore.”

He adds, “We have been lucky in that we have not had a hurricane strike for six years. But sooner or later, our luck is going to run out.”

Miller says, “Gov. Scott is very concerned about what Florida could face one day and concerned about the size of Citizens Property and [our Hurricane Catastrophe] fund and he is looking to help Florida and make our catastrophe fund stronger.”