Monday, April 17, 2006

A time tested solution...

...if you encounter an unsolvable problem is to redefine the question via logical titration until a solution is apparant.

I am not sure about the reliability of this article:

which claims that the Florida Legislature is considering "using" the Florida Hurrican Catastrophe Fund , but this would seem an excellent example of the above "solution". Ex-ante disbursements of the catastrophe are not "supposed" to be the reason for the funds existance (according to sample contracts on the FHCF website indicating it will reimburse for net losses over retention levels)...but hey, if the money is there (or will be there after increased taxes or debt issuance), why not use it??

A band-aid over a bullet wound.

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