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A Christ Veto Likely a Body Blow to Floridians

June 16, 2009

Analysis of:We don't win in State Farm vs. Charlie Crist | www.orlandosentinel.com

Put all your eggs in one basket? That's what a veto by Governor Christ would do to Florida's hurricane insurance market. His veto would serve to concentrate risk, putting the liability into fewer hands. These "hands" are the now fewer remaining private insurance firms and the citizens of Florida. Level the playing field? Not Christ's veto. Those more at risk (coastal dwellers) will be subsidized by those less at risk (central Floridians). This is a tax on the less wealthy to support the opulent homes of the wealthy coastal inhabitants.

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