No it's fair insurance rates. Right now there is only 1 or 2 insurance companies that will insure homes down here. Let me tell you, they have you by the short hairs, because they don't have to be competitive. Before the year of the bad storms ('04), we paid for instance $3K per year. Now it's $9K, and there hasn't been any storms. The end of '04 Allstate, State Farm, all the big ones closed their offices and left. BUT they still peddle their auto ins. The rule will be if you want to sell auto, you must sell homeowner, and all other ins. too. Then when they come back, we can shop competitively and not get robbed.
The catastrophe fund is not only for Fl. but all states. To help with hurricanes, tornadoes, avalanches, wild fires, etc... I think we are all at risk there. We have FEMA, but it's Govmnt run and there has been some corruption there. All is better handled at the State level. It's closer to the people.
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