Senate Bill 2228

    Florida Senate - 1998        (NP)                      SM 2228

    By Senator Campbell





    33-296-98

  1                     Senate Memorial No.     

  2         A memorial to the Congress of the United

  3         States, urging Congress to establish a federal

  4         catastrophe pool.

  5

  6         WHEREAS, Hurricane Andrew caused more than $10 billion

  7  in homeowners-insured losses, and

  8         WHEREAS, insurance companies have had to raise premiums

  9  to further protect themselves from disasters, and

10         WHEREAS, residents of Florida and of this nation have

11  been severely overburdened by the increase in rates and

12  unavailability of affordable insurance, and

13         WHEREAS, states currently have limited funding to cover

14  insurance losses from federal disasters, and

15         WHEREAS, small, private insurance companies cannot

16  singlehandedly afford substantial losses from disasters, NOW,

17  THEREFORE,

18

19  Be It Resolved by the Legislature of the State of Florida:

20

21         That the Congress of the United States is requested to

22  establish a federal catastrophe pool to allow insurance

23  companies and residents of Florida and this nation to be aided

24  when disasters strike.

25         BE IT FURTHER RESOLVED that copies of this memorial be

26  dispatched to the President of the United States, to the

27  President of the United States Senate, to the Speaker of the

28  United States House of Representatives, and to each member of

29  the Florida delegation to the United States Congress.

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