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special report:coastal insurance
Predictions and Payouts
Scenarios and Solutions
Footing the Bill for Florida Storms Remains Biggest Concern
By Tom Wetzel
The political storm in Florida over how to pay for future hurricane losses may not be as violent as the real thing. But if the Sunshine State gets slapped with another Category 5 storm or a series of smaller storms in the same year, the current battle between insurers, state legislators and regulators, the business community, and consumers may seem like a minor skirmish. On three points, however, there is little disagreement: there will be more storms; there are no quick, easy, and painless solutions to paying for them; and there are no guarantees that any of the "solutions" will work as planned.
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