Word: crist
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...Crist was the editor of Claxton's book Jazzlife and is the publisher of AMMO Books in Los Angeles
...millions of black Floridians, about 13% of whom voted for President Bush in 2004. Instead, Cherry, 52, recalls a Republican official saying, "We're ceding the black vote in Florida to Obama." Last week, Cherry's statewide newspaper, the Florida Courier, featured a house ad asking, "Why aren't Crist [Florida governor Charlie Crist, who was elected in 2006 with 18% of the black vote] and John McCain campaigning in Black Florida...
...private insurers like State Farm and Allstate have scaled back in Florida, forcing an additional 500,000 customers into the state pool. "For some areas in Florida, insurance companies could not obtain reinsurance at any price," Insurance Commissioner Kevin McCarty recently told Congress. And last year, Republican Governor Charlie Crist pushed through reforms to decrease premiums, a politically popular move that will create even more pressure if disaster strikes. "I get the concerns," Crist recently told me. "But we're not going to stand for gouging...
...using computer models that overstate risk. But no one denies that the risk is real: it's been 80 years since a major storm hit a major Florida city, but hurricane researchers have calculated that the next one could cause as much as $150 billion worth of damage. And Crist's reforms, while reducing premiums, included other changes that increased the risk that taxpayers and policyholders will have to bail out the Cat Fund. "The risk was removed from the insurers' portfolio and is now being supported by the people of Florida," McCarty explained...
That's why Crist and just about every other Florida politician is pushing for a national catastrophe insurance fund, which would shift some of that risk to federal taxpayers. But the idea is not so popular with other states, for the obvious reason that other states don't have as much risk. Florida has spent the last 80 years ignoring its vulnerability, developing its floodplains and shorelines, selling the dream of the Sunshine State to northerners and foreigners. But the day of reckoning will come...