A fascinating article written by Jason Garcia is worth a few minutes of your time.I supported efforts to have admitted Florida insurers to tap into Florida’s Catastrophe Fund.I could not understand why that legislation went nowhere until I read Garcia’s article.

Here is a teaser: In January, Gov.Ron DeSantis and the Florida Legislature had a chance to save money for Florida homeowners who are struggling to afford the soaring cost of property insurance.Members of a key committee in the Florida Senate were presented with a plan that could have cut the price of homeowner’s insurance by an estimated $150 a year.

And it would have done so without simultaneously imposing hidden costs on homeowners — like insurance policies that won’t cover the cost of replacing a roof or legal changes that make it much harder to fight back against a big insurer in court.The plan involved expanding a public insurance fund known as the “Florida Hurricane Catastrophe Fund.” And it had support from a broad spectrum of industry interest groups and a bipartisan coalition of elected officials.But the Big Business lobby hated it.

Now I know the rest of the story.________________________________________1 Jason Garcia.Ron DeSantis and the Florida Legislature could reduce insurance rates right now.

A giant insurance company is standing in the way.May 3, 2022.https://jasongarcia.substack.com/p/ron-desantis-and-the-florida-legislature?s=r