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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
R E P R E S E N T A T I V E S
House Memorial 1
A memorial to the Congress of the United States, 2
urging Congress to establish a federal catastrophe 3
pool. 4
5
WHEREAS, the United States has a history of catastrophic 6
natural disasters, including, but not limited to, hurricanes, 7
tornadoes, flood, fire, earthquakes, and volcanic eruptions, and 8
WHEREAS, homeowner losses from natural disasters have been 9
on the rise as climate change triggers more frequent and 10
destructive hurricanes, floods, and wildfires, and 11
WHEREAS, insurance companies continue to raise premiums in 12
an attempt to remain solvent in the wake of increased claims 13
resulting from natural disasters, and 14
WHEREAS, small, private insurance companies cannot single -15
handedly afford substantial losses from having to pay claims 16
from natural disasters, and 17
WHEREAS, many parts of the nation have been overburdened by 18
the increase in rates and unavailability of insu rance, and 19
WHEREAS, residents of the State of Florida have been 20
severely overburdened by the increase in rates and 21
unavailability of insurance, and 22
WHEREAS, multiple insurance companies have become insolvent 23
and or have stopped writing insurance in the S tate of Florida, 24
and 25
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
R E P R E S E N T A T I V E S
WHEREAS, Citizens Property Insurance, the State of 26
Florida's public insurer of last resort, has seen an increase of 27
more than 399,822 policies since the beginning of 2020 and now 28
has more than 1 million policies, and 29
WHEREAS, states currently have limited funding to cover 30
insurance losses from federally declared natural disasters, and 31
WHEREAS, Hurricane Ian is projected to cost the Federal 32
Government between $54 billion and $74 billion in total, and 33
WHEREAS, the Federal Government h as provided, and will 34
continue to provide, resources to pay for losses from future 35
catastrophic natural disasters, NOW, THEREFORE, 36
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Be It Resolved by the Legislature of the State of Florida: 38
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That the Congress of the United States is urged to 40
establish a federal catastrophe pool to spread the risk and 41
reduce the cost of insurance premiums and assist insurance 42
companies and residents of the State of Florida and of this 43
nation when natural disasters strike. 44
BE IT FURTHER RESOLVED that the Secret ary of State dispatch 45
copies of this memorial to the President of the United States, 46
to the President of the United States Senate, to the Speaker of 47
the United States House of Representatives, and to each member 48
of the Florida delegation to the United Stat es Congress. 49