Torching taxpayers

Published: Thursday, January 18, 2007 at 6:01 a.m.
Last Modified: Wednesday, January 17, 2007 at 11:14 p.m.
''Remember those old black and white movies - 'Frankenstein' - where the villagers with the pitchforks and the torches were marching on the castle? If we don't pass something to reduce insurance rates this week, they're going to march on Tallahassee.''
Sen. Steve Geller, D-Cooper City.
There were no pitchforks or torches in evidence when 100 or so Floridians marched on the Florida Legislature on Tuesday demanding that they "do something" about high insurance rates. Lawmakers are under a lot of political pressure to bring rates down. The challenge will be to find a way to do it without torching Florida taxpayers for tens of billions of dollars in fiscal obligations when the next mega-hurricane hits. Whatever solutions lawmakers come up with this week should be aimed at making sure the private insurance industry remains viable and competitive in this hurricane-prone peninsula.
The Associated Press

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