Donald D. Brown
POB 866
DeFuniak Springs, FL  32435
(850) 865-9280 cell
Brown in Chamber

The Wall Street Journal editorial writers opined this week on Florida's struggling property insurance market. The title speaks for itself: Waiting for Hurricane Charlie (Crist).

 

This is by far, the most authoritative and accurate portrayal of this crisis facing Floridians. Here is the first few paragraphs for your convenience.  To read the entire article click on the title and it will forward you to the WSJ article posted on my website www.DonBrownFlorida.com

 

 Waiting for Hurricane Charlie (Crist): All Americans will pay if Florida doesn't reform its insurance market.

 

Florida has been hit by some of the most damaging and costliest hurricanes in history, and we're not talking small numbers. Andrew, Wilma, Charley and Ivan inflicted tens of billions of dollars of damage on homes and businesses over the past few decades. Now the Sunshine State awaits the really big one: Hurricane Charlie (Crist).

 

When that storm hits, Floridians can thank the former Governor. In a mere four years, he crippled the private insurance market and socialized taxpayer risk into two public institutions: Citizens Property Insurance Corp., an insurer, and the Florida Hurricane Catastrophe Fund, a reinsurer. They are structured to fail under pressure. This is a Category Five fiscal problem that would ultimately mean demands for a Washington bailout, so the sooner Florida's policy makers fix it the better.

 

Please forward this information on to your colleagues, clients, and friends. Sharing information is key to achieving solutions for longer-term stability in Florida's insurance market.  

 

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Don D. Brown

www.DonBrownFlorida.com

 

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