Monthly Archives: January 2008

Predictions And Payouts, Scenarios And Solutions

 

Hurricane

Hurricane

The political storm in Florida over how to pay for future hurricane losses may not be as violent as the real thing. But if the Sunshine State gets slapped with another Category 5 storm or a series of smaller storms in the same year, the current battle between insurers, state legislators and regulators, the business community, and consumers may seem like a minor skirmish. On three points, however, there is little disagreement: there will be more storms; there are no quick, easy, and painless solutions to paying for them; and there are no guarantees that any of the “solutions” will work as planned. Continue reading