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Ron DeSantis says Citizens Insurance [the state insurer] is ‘not solvent’
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<blockquote data-quote="essentialsaltes" data-source="post: 77581365" data-attributes="member: 294566"><p><a href="https://floridapolitics.com/archives/662068-ron-desantis-claims-citizens-insurance-is-not-solvent/?utm_source=fark&utm_medium=website&utm_content=link&ICID=ref_fark" target="_blank">Gov. <strong>Ron DeSantis</strong> is telling the nation that people in his state shouldn’t rely on the state-run insurer of last resort, raising new questions about <strong>Citizens Property Insurance</strong> ahead of what is expected to be an active hurricane season.</a></p><p></p><p>“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 <strong><a href="https://www.cnbc.com/" target="_blank">CNBC’s</a></strong> “Last Call.”</p><p></p><p>DeSantis has warned about Citizens’ bloat in the past. He <strong><a href="https://floridapolitics.com/archives/564036-ron-desantis-citizens/" target="_blank">noted in 2022</a></strong> that Citizens was “unfortunately undercapitalized” and that the company could go “<strong><a href="https://floridapolitics.com/archives/573703-citizens-belly/" target="_blank">belly up</a></strong>” if it actually had to weather a major storm.</p><p></p><p>[Florida Senator Rick Scott] called the state’s insurance marketplace a “<strong><a href="https://floridapolitics.com/archives/623766-rick-scott-denounces-florida-insurance-disaster/" target="_blank">disaster</a></strong>” earlier this year, saying the departure of <strong><a href="https://floridapolitics.com/archives/622747-farmers-is-exiting-floridas-property-insurance-market/" target="_blank">Farmers Insurance</a></strong> was a “wake-up call” to the state.</p><p></p><p>During an interview with <strong><a href="https://www.wmfe.org/" target="_blank">WFME</a></strong> in Orlando, <strong><a href="http://marcorubio.com/" target="_blank">Marco Rubio</a> </strong>said his <strong><a href="https://floridapolitics.com/archives/657891-marco-rubio-says-his-homeowners-insurance-has-increased-300-in-just-2-years/" target="_blank">homeowners insurance rates</a></strong> had “seen probably a 300% increase in the last two years.”</p></blockquote><p></p>
[QUOTE="essentialsaltes, post: 77581365, member: 294566"] [URL='https://floridapolitics.com/archives/662068-ron-desantis-claims-citizens-insurance-is-not-solvent/?utm_source=fark&utm_medium=website&utm_content=link&ICID=ref_fark']Gov. [B]Ron DeSantis[/B] is telling the nation that people in his state shouldn’t rely on the state-run insurer of last resort, raising new questions about [B]Citizens Property Insurance[/B] ahead of what is expected to be an active hurricane season.[/URL] “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 [B][URL='https://www.cnbc.com/']CNBC’s[/URL][/B] “Last Call.” DeSantis has warned about Citizens’ bloat in the past. He [B][URL='https://floridapolitics.com/archives/564036-ron-desantis-citizens/']noted in 2022[/URL][/B] that Citizens was “unfortunately undercapitalized” and that the company could go “[B][URL='https://floridapolitics.com/archives/573703-citizens-belly/']belly up[/URL][/B]” if it actually had to weather a major storm. [Florida Senator Rick Scott] called the state’s insurance marketplace a “[B][URL='https://floridapolitics.com/archives/623766-rick-scott-denounces-florida-insurance-disaster/']disaster[/URL][/B]” earlier this year, saying the departure of [B][URL='https://floridapolitics.com/archives/622747-farmers-is-exiting-floridas-property-insurance-market/']Farmers Insurance[/URL][/B] was a “wake-up call” to the state. During an interview with [B][URL='https://www.wmfe.org/']WFME[/URL][/B] in Orlando, [B][URL='http://marcorubio.com/']Marco Rubio[/URL] [/B]said his [B][URL='https://floridapolitics.com/archives/657891-marco-rubio-says-his-homeowners-insurance-has-increased-300-in-just-2-years/']homeowners insurance rates[/URL][/B] had “seen probably a 300% increase in the last two years.” [/QUOTE]
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Ron DeSantis says Citizens Insurance [the state insurer] is ‘not solvent’
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