Florida Insurance Commissioner Kevin McCarty tried to lobby Congress today for federal supports for an $18.5 billion shortfall in the state's Hurricane Catastrophe Fund and was hit with criticism from a conservative think tank.
Christian C?mara, Florida office director for the Competitive Enterprise Institute, in a statement from the group said, "Reliance on a Federal bailout as official state policy is reckless at best. Instead of lobbying Washington politicians for money, Commissioner McCarty and Governor Charlie Crist should return to Tallahassee and work together with the legislature to restore a healthy, competitive insurance environment to ensure that Florida is able to weather the aftermath of a storm.
"Taxpayers should not be forced to bailout neither Florida nor the politicians that have placed the state one storm away from economic meltdown."
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