Ron DeSantis says Citizens Insurance is 'not solvent'
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.”
The Governor’s comments are particularly interesting as they were in the middle of a rumination about private insurers bringing new capital into the state, in which he claimed that “about 30% of those policies from Citizens” taken out by “new private insurance (com...
