Florida's Insurance Gamble

LAKEWOOD RANCH -

Floridians could save more than 500-dollars per household on insurance premiums according to an actuarial report.

That is if Congress were to establish a national catastrophic fund to cover disaster losses in all states.

Until then, the Florida catastrophe fund is on the hook for up to $32 billion in losses should a massive storm hit. Its a frightening but necessary gamble according to one lawmaker.

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