Catastrophic Insurance Plan

Rep. Ron Klein has re-introduced a plan to pool catastrophic property insurance risk among 30 or so states. This could help reduce high property insurance rates in Florida and other 'high-risk' areas of the country. The proposal is similar to one he authored two years ago but failed to gain traction due, in part, to opposition from the Bush Administration.

Rep. Klein's website offers details on the proposal and a link to the actual bill.

http://klein.house.gov/?sectionid=57&sectiontree=23,57&itemid=687