Miami Herald Blog: CFO Sink To Meet With Lloyds On Cat Fund

Governor Charlie Crist met with Florida Chief Financial Officer, Alex Sink this morning. Following is a report from The Miami Herald’s political blog regarding the meeting:

 

Sink to meet with Lloyds of London on Cat fund

Chief Financial Officer Alex Sink said Wednesday she will travel to Britain in November to meet with Lloyds of London to discuss alternative funding for the state’s catastrophe fund. In a meeting with Gov. Charlie Crist Wednesday, she said they both agreed that “we put the state at risk for $28 billion and it looks like the insurance companies haven’t come through with a lot of cost savings so maybe we don’t need to put up the $28 billion.”

“What the legislature giveth it can taketh away and if the insurance companies don’t appreciate our help maybe we don’t appreciate them so much,” Crist said. “That’s a great idea.”

Sink will also meet with the British government to discuss “the impacts of climate on the financial market” and investment. She asked to bring along the governor’s top climate change advisor, lawyer Chris Kise.

“I’m so glad that you’re doing what you’re doing. I think it’s fantastic,” she said of the governor’s climate change initiative.

 

 

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