Gov. Charlie Crist may be riding high with a 73% approval rating, but the conservative Wall Street Journal is less than impressed. The Journal refers to Crist as Florida’s “Unnatural Disaster”—specifically, his voter-pleasing but financially unstable insurance plan which basically puts taxpayers, not insurance companies, on the hook for any future natural disasters.
The Journal points out the obvious—how can an insurance company with $3.4 billion in net assets possibly handle more than $400 billion in total exposure? It’s a question we should all be asking.
Read the entire article here.