Could Sen. John McCain's opposition to a national catastrophe fund to back up state property insurance facilities cost him the White House? Perhaps, if enough Floridians allow the Arizona Republican's position to swing their vote to a more supportive Democratic candidate.

In a close national race, Florida will be a crucial state. It certainly made the difference in 2000, and could do so again in 2008--especially if even a mild hurricane threatens Florida before Election Day to remind Sunshine State residents of what's at stake.

In last month's make-or-break primary, Rudy Giuliani lost despite his fervent support for a national cat fund. In the end, the state's powerhouse governor, Charlie Crist, delivered the death blow to his campaign by endorsing Sen. McCain, who voiced vague support for a regional solution.

Recommended For You

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

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.