Florida’s Property Insurance By Fiat

Should state government subsidize property insurance costs for homes most likely to sustain damage from a natural disaster? Florida Gov. Charlie Crist thinks so. Since Hurricane Wilma blew through Florida in October 2005, property insurance costs have more than doubled for most homeowners. Such rate increases, coupled with higher property taxes, have made homeownership more difficult to achieve or maintain in Florida. Hearing the pleas of his constituents during his …