Ron DeSantis says Citizens Insurance [the state insurer] is ‘not solvent’

[essentialsaltes]

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.”

 

[FireDragon76]

It's not surprising. Nasty storms are getting to be routine in Florida, and housing prices are high. That's a recipe for having to pay out alot of money. Insurance is best covering uncertainties, but increasingly damage from hurricanes is predictable.

 

[essentialsaltes]

DeSantis signs bill deleting climate change mentions from Florida state law​

Problem solved!

 

[iluvatar5150]

DeSantis signs bill deleting climate change mentions from Florida state law​

Problem solved!

The bill would also give preferential treatment to natural gas and ban offshore wind energy, even though there are no wind farms planned off Florida’s coast.

The bill deletes the phrase ‘climate’ eight times – often in reference to reducing the impacts of global climate change through its energy policy or directing state agencies to buy ‘climate friendly’ products when they are cost-effective and available. The bill also gets rid of a requirement that state-purchased vehicles should be fuel efficient.

So dumb. I guess the party of fiscal responsibility likes wasting money.

 

[essentialsaltes]

DeSantis signs bill deleting climate change mentions from Florida state law​

Problem solved!

Hazardous heat engulfs South Florida as Miami issues first May Heat Advisory in 15 years​

Miami will see a heat index that could top 107 degrees. This has prompted the National Weather Service in Miami to issue its first Heat Advisory in the month of May in at least 15 years.​

Several records have been tied or broken across South Florida this week. Key West, for example, was absolutely baking on Wednesday.

The city tied its highest heat index ever at a sweltering 115 degrees. The actual temperature also reached 92 degrees on Wednesday, which broke its old record for that date of 90 degrees back in 1884.