HomeMy Public PortalAbout1998-12 S.B. 1478/H.B. 3827 passage urged of LegislatureRESOLUTION NO. 98-12
A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; URGING THE FLORIDA LEGISLATURE TO
PASS SENATE BILL 1478 AND HOUSE BILL 3827
(INSURANCE COVERAGE); PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, in August 1992, Hurricane Andrew viciously hit South Florida and became the
costliest catastrophe in the history of the United States, causing $30 billion in property damage,
including $16 billion of insured losses; and
WHEREAS, an estimated 80,000 single-family homes, mobile homes and apartments or
condominium units were severely damaged or destroyed, and at least 180,000 people were left
homeless; and
WHEREAS, many residents subsequently lost the private -market insurance coverage they
will need to fully protect their homes and personal belongings in the event of another storm; and
WHEREAS, six years later, many homeowners throughout Florida still do not have access
to affordable, private insurance coverage -- despite the many measures enacted by the state since
Andrew to help reduce industry's exposure to bankrupting losses, including creation of the Florida
Hurricane Catastrophe Fund; and
WHEREAS, this continuing lack of competition in the insurance marketplace of certain parts
of the state is wreaking economic havoc on many of our communities; and
WHEREAS, the insurance industry, under cloak of Andrew, still is pushing for higher and
higher premiums.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF KEY
BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the Village Council of the Village of Key Biscayne, do hereby request swift
passage of Senate Bill 1478 and House Bill 3827.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 16th day of April , 1998.
IdJeb
ITA H. ALVAREZ, VILLAGE CLERK
APPROVED AS TO FORM AND LEGAL SUFF
RICHARD J. WEISS, VILLAGE ATTORNEY
YOR JOHN F. FESTA