National Catastrophic Property Insurance Fund - Proposa

 It is time to end the expectation that, on its own, the insurance industry will solve the problem of covering catastrophic losses.  It won’t. If the basic tenant of insurance coverage is to actuarily spread risk then let’s really do it. Establish a national fund to cover such losses with a premium to be paid by every property owner as percentage of their insurance policy rate. The rate could be adjusted up or down from the norm based on historic climate or specific events in that area or industry.