TALLAHASSE, FL -- Two of Florida's top leaders are meeting today to discuss plans for a national catastrophic recovery fund. The fund would protect Florida from the effects of a catastrophic hurricane season.
Senator Bill Nelson and Chief Financial Officer Alex Sink will meet in Tallahassee. Nelson is renewing a push in Congress to pass legislation that would provide emergency federal aid to cover property losses in the event of major catastrophe in the Sunshine State.
A national catastrophe fund might also settle Florida's troubled homeowners insurance market. Major insurers are dropping Florida customers because of the threat posed by hurricanes.
