Miami Herald: Former Florida governor backing consumer options

Mar 29, 2010

The Miami Herald published this article on March 29, 2010.

The Associated Press

TALLAHASSEE, Fla. — Former Florida Gov. Jeb Bush says it’s time Tallahassee politicians ensure a robust private property insurance market to avoid a financial disaster if a major hurricane or several smaller storms strike the state this summer.

The former governor told The Associated Press on Monday that it’s critical that a measure similar to one vetoed by Gov. Charlie Crist last June gets passed this time around. Bush said he believes Florida legislators for the most part have addressed concerns outlined by Crist in his veto message. He’s hopeful the governor signs it this year.

Bush told AP that too many insurance companies doing business in Florida are undercapitalized and could not survive storm seasons as severe as 2004 or 2005.