Miami-Dade
Legislative Item File Number: 070357 |
Printable PDF Format Clerk's Official Copy |
File Number: 070357 | File Type: Resolution | Status: Adopted | ||||||||||||||||||||||||||||||
Version: 0 | Reference: R-183-07 | Control: County Commission | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Requester: NONE | Cost: | Final Action: 2/20/2007 | ||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Sunset Provision: No | Effective Date: | Expiration Date: |
Registered Lobbyist: | None Listed |
Legislative History |
|||||||
Acting Body | Date | Agenda Item | Action | Sent To | Due Date | Returned | Pass/Fail |
|
|||||||
Board of County Commissioners | 2/20/2007 | 11A4 | Adopted | P | |||
|
|||||||
County Manager | 2/14/2007 | Additions | 2/20/2007 | ||||
|
|||||||
Budget and Finance Committee | 2/13/2007 | 2B | Forwarded to BCC with a favorable recommendation | P | |||
REPORT: | Assistant County Attorney Benitez read the foregoing resolution into the record. Commissioners Gimenez, Diaz, Sorenson, and Sosa asked that they be listed as co-sponsors. Hearing no other questions or comments, the Committee proceeded to vote. | ||||||
|
|||||||
County Attorney | 2/5/2007 | Assigned | Budget and Finance Committee | 2/13/2007 | |||
|
|||||||
County Attorney | 2/5/2007 | Assigned | Jess M. McCarty | ||||
|
Legislative Text |
..r RESOLUTION URGING THE U.S. CONGRESS TO PASS LEGISLATION ADDRESSING NATIONAL CATASTROPHE INSURANCE BY ESTABLISHING A FEDERAL REINSURANCE CATASTROPHIC FUND (CAT FUND) BODY WHEREAS, the 2004 and 2005 hurricane seasons are startling reminders of both the human and economic devastation that hurricanes, flooding, and other natural disasters can cause; and WHEREAS, if a Category 5 hurricane were to hit Miami it could cause over $50 billion in estimated losses and devastate the insurance industry in the United States; and WHEREAS, if a hurricane similar to the deadly 1900 Galveston hurricane occurred again it could cause over $36 billion in estimated losses; and WHEREAS, if a hurricane similar to the 1938 hurricane known as the �Long Island Express� were to occur again it could cause over $30 billion in damage, and if a hurricane that strong were to directly hit Manhattan it could cause over $150 billion in damage and cause irreparable harm to our Nation's economy; and WHEREAS, catastrophic events are not limited to particular states or regions, or even to hurricanes; and WHEREAS, there are few areas of the U.S. that are not susceptible to some form of catastrophe; and, WHEREAS, if the 1904 San Francisco earthquake occurred again it could cause over $400 billion in estimated losses; and WHEREAS, a more comprehensive and national approach to dealing with catastrophes is needed; and WHEREAS, as residents of Miami-Dade County can attest, natural catastrophes raise costs for consumers, place a tremendous strain on homeowners� insurance markets, and potentially jeopardize the ability of many consumers to adequately insure their homes and possessions; and WHEREAS, establishing a federal reinsurance catastrophic fund (CAT Fund) as a federal backstop for future natural disasters would improve the effectiveness of State insurance programs and private insurance markets and would increase the likelihood that homeowners� insurance claims will be fully paid in the event of a large natural catastrophe and that routine claims that occur after a mega-catastrophe will also continue to be paid; and WHEREAS, a federal reinsurance CAT Fund will provide increased protection at an overall lower cost than creating a national catastrophic insurance program and will promote stability in the homeowners� insurance market, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that this Board: Section 1. Urges the United States Congress to pass legislation addressing national catastrophe insurance that benefits Florida citizens and does not replace the insurance industry with a federal program, but instead works with private insurers to guarantee sensible, affordable policies for those who live in the most vulnerable zones by establishing a federal reinsurance catastrophic fund (CAT Fund) as a federal backstop for future natural disasters. Section 2. Directs the Clerk of the Board to transmit a certified copy of this resolution to the members of the Miami-Dade County Congressional Delegation. Section 3. Directs the County's federal lobbyists to advocate for the passage of the legislation set forth in Section 1 above, and directs the Office of Intergovernmental Affairs to include this item in the 2007 Federal Legislative Package. |
Home |
Agendas |
Minutes |
Legislative Search |
Lobbyist Registration |
Legislative Reports
Home | Using Our Site | About | Phone Directory | Privacy | Disclaimer
E-mail your comments,
questions and suggestions to
Webmaster
|