Free Republic

........ A Cat Fund that cannot borrow is, under Florida law, a Cat Fund that does not have to pay claims. If Florida is unable to raise enough cash, it can default on its contracts, leaving insurers to their own devices. That jeopardizes the checks for storm victims to rebuild and communities to recover. "Let's hope we don't have a storm," said Alex Sink, the state's chief financial officer. Failing that, she said, hope for a multibillion-dollar federal bailout. "We have to recognize that if we have a big enough storm, just like the guys in Wall Street this week,...

West noted that Obama recently offered support for the Klein co-sponsored Homeowner’s Defense Act saying, "I've long been a supporter of a National Catastrophic Insurance Plan, and the time to act is now.... I am proud to add my name to this bill, and that's why I'll sign it into law as president." West doesn’t agree. "While the Homeowners Defense Act may sound like a godsend to many Floridians living through another active hurricane season, one should take care, look at the fine print, and consider the loopholes before signing on,” he said. Missing from the bill, West argued “are...

Boca Raton, Fl. Lt. Col. Allen West, Congressional Candidate For Fl. CD-22, Challenges Sen. Barack Obama and Rep. Ron Klein For Supporting a Dangerous Bill On Sunday, September 7, 2008 Sen. Barack Obama officially gave his support for the Homeowner's Defense Act. Saying, "I've long been a supporter of a National Catastrophic Insurance Plan, and the time to act is now.... I am proud to add my name to this bill, and that's why I'll sign it into law as president." In response to this Lt. Col. Allen West stated, "While The Homeowners Defense Act may sound like a godsend...

On Tuesday August 19, 2008, Rep. Ron Klein (D) took an opportunity to whine about his failure to get a national catastrophic insurance fund bill passed. He blamed John McCain and Se. Mel Martinez for his failure to get the bill passed through a Democrat majority in both the House and Senate. Of course, tropical storm Fay was approaching the State of Florida when he decided to bring the issue up. Here's LTC Allen West's response to Rep. Ron Klein: Tropical Storm Fay reminded us of a promise by Ron Klein - to ensure access to affordable insurance that would...