NU Online News Service, June 5, 3:16 p.m. EDT

A call by Florida's governor to create a federal catastrophe-wind fund probably amounts to nothing more than wishful thinking, as Congress shows no inclination to pass such legislation, a state-association director says.

Florida Governor Rick Scott, during a press conference marking the start of hurricane season on June 1, said nationalizing windstorm coverage in a way similar to flood coverage would make sense for Floridians who fear losing their windstorm coverage, according to a report in the Palm Beach Post. Scott, speaking at the National Hurricane Center in Miami-Dade County, was joined by U.S. Homeland Security Secretary Janet Napolitano; Craig Fugate, the federal emergency management director; and Bill Read, theHurricaneCenter's outgoing director, the paper reported.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.

Commercial Lines
E&S/Specialty
Loss Control
Personal Lines