TALLAHASSEE, Fla. - David Jolly, a Democratic candidate for governor, is proposing a state catastrophic fund that would remove hurricane and natural disaster coverage from the private market.

Homeowners would still need private insurance for everything else — like fire or theft — but the state would handle storm losses. Jolly claims this could cut private premiums by about 60% as the most expensive risk (hurricanes) would no longer fall on private insurers.

The backstory:

Florida’s insurance crisis has been building for years.

What is Jolly proposing?

Florida already has a Catastrophe Fund (cat fund) that helps insurers cover mid-range storm losses. Some experts said lowering the attachment point (letting companies tap that fund for smaller losses) could cut rates.

But, Jolly is

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