A report from Channel 2 in Lee County today said that Democratic gubernatorial candidate Jim Davis’s running mate, Daryl Jones, was in Fort Myers on Thursday to reveal the Hurricane Premium Protection Fund.

Here are some details that I will highlight from the plan. Please visit the link above to read more about it.

The Hurricane Premium Protection Fund will lower rates by providing inexpensive capital to insurance companies to allow them to pay claims in a timely and efficient manner. After lowering the cost of capital, Davis will hold insurance companies accountable for passing the savings on to policyholders.

So if our tax dollars are going towards this fund? Won’t we see an increase in taxes or a lowering of service to pay for it? Isn’t that like spending from the right to save money in the left?

The Hurricane Premium Protection Fund will cover a percentage of the hurricane loss sustained by properties, up to a yearly max of 20 Billion dollars. The fund will be overseen by the governor and the Cabinet. The governor and the Cabinet will have authority to adjust the coverage limits per policy, potentially up to $500,000, and the percentage between 70% and 90%. These adjustments will allow for changing conditions in the insurance market and the amount of cash that is built up in the Hurricane Premium Protection Fund.

The governor and the Cabinet will oversee the fund. Isn’t that who we should be holding accountable for the current mess?

Isn’t there a candidate who will commit to finding a solution that is not going to cost us twice us much on the back end. How many of you think that it is the insurance companies who are going to win here, the make major profits at our expense, and we are going to have to spend tax dollars to save our selves money. Come folks, if these two can’t solve it, who can.

Please share you opinion and remember to vote.