Florida Governor Charlie Crist is running for the U.S. Senate next year, and we wonder if one reason is that he doesn't want to be in Tallahassee when the next hurricane hits his state. His veto of a hurricane insurance reform bill last week all but guarantees a state disaster on top of any wrought by Mother Nature.

The bill would have trimmed the cost of a state-run enterprise that insures homeowners against storm damage. The program has an $18 billion unfunded liability and has taxpayers on the line for tens of billions...