- Oct 17, 2011
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Gov. Ron DeSantis is telling the nation that people in his state shouldn’t rely on the state-run insurer of last resort, raising new questions about Citizens Property Insurance ahead of what is expected to be an active hurricane season.
“It is not solvent and we can’t have millions of people on that because if a storm hits, it’s going to cause problems for the state,” the second-term Republican Governor said on CNBC’s “Last Call.”
DeSantis has warned about Citizens’ bloat in the past. He noted in 2022 that Citizens was “unfortunately undercapitalized” and that the company could go “belly up” if it actually had to weather a major storm.
[Florida Senator Rick Scott] called the state’s insurance marketplace a “disaster” earlier this year, saying the departure of Farmers Insurance was a “wake-up call” to the state.
During an interview with WFME in Orlando, Marco Rubio said his homeowners insurance rates had “seen probably a 300% increase in the last two years.”
“It is not solvent and we can’t have millions of people on that because if a storm hits, it’s going to cause problems for the state,” the second-term Republican Governor said on CNBC’s “Last Call.”
DeSantis has warned about Citizens’ bloat in the past. He noted in 2022 that Citizens was “unfortunately undercapitalized” and that the company could go “belly up” if it actually had to weather a major storm.
[Florida Senator Rick Scott] called the state’s insurance marketplace a “disaster” earlier this year, saying the departure of Farmers Insurance was a “wake-up call” to the state.
During an interview with WFME in Orlando, Marco Rubio said his homeowners insurance rates had “seen probably a 300% increase in the last two years.”
