Democrats might just win Florida's crucial electoral votes if they keep campaigning hard for a national catastrophe insurance fund, an idea opposed by Republicans. Democratic candidate Barack Obama made his pitch for a cat fund in an op-ed today in the St. Petersburg Times.
I talked about the differences between the two parties on disaster insurance in my Sept. 4 blog. But in my editorial in this coming Monday's National Underwriter, I also noted that Democrats need to get the word out on this critical issue if they hope to take the state on Nov. 4.
It appears Sen. Obama is doing just that. In his op-ed article, he said that “Floridians know as well as anyone that the current property insurance market isn't working,” noting that “in some cases, property insurance rates have spiked by as much as 600 percent.”
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