Fla. Gov. Crist Calls for Congress to Address Catastrophe Insurance Costs

January 4, 2007

Florida Gov. Charlie Crist has sent a letter to U.S. Sens. Mel Martinez and Bill Nelson in support of federal legislation to address rising catastrophe insurance costs.

Crist also sent letters to House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid advocating for the creation of a commission to study catastrophic risk and insurance in the 110th Congress.

“I want to reiterate my support for the Catastrophic Disaster Risk and Insurance Act of 2006,” Crist stated in the letter addressed to Sens. Martinez and Nelson. “I propose that we do everything in our collective power to advance the passage of this important piece of legislation. It is critical that we find both an immediate and comprehensive solution to this pressing problem.”

SB 3114, The Catastrophic Disaster Risk and Insurance Act of 2006, filed by Sen. Nelson earlier this year, . would create the Commission on Catastrophic Disaster Risk and Insurance, a national bipartisan panel of experts to examine proposals to make insurance available and more affordable. The commission would issue policy recommendations designed to improve the competitiveness of insurance markets.

“Providing affordable homeowners insurance will require resolve and a strong bipartisan effort,” said Crist in the letter addressed to Pelosi and Reid. “If Republicans and Democrats work together to bring all good ideas to the forefront, we can ensure that homeowners insurance remains an affordable protection for citizens in all fifty states.”

Source: www.flgov.com

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