A restructuring of Florida's Hurricane Catastrophe Fund proposedby Democrats in the state's House of Representatives may be toobroad in scope to win support from across the aisle.

Towson Fraser, a spokesman for Florida Speaker of the HouseAllen Bense, R-Panama City, said that Republicans in the FloridaHouse are "still looking" at the proposal, which would change howFlorida deals with hurricane damages to a system similar to theNational Flood Insurance Program.

Mr. Fraser did not dispute the idea that some reform isnecessary to better help Florida homeowners find affordableinsurance coverage for hurricanes.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
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.