Free Republic

Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a major hurricane.The head-scratching comments came just hours before the Citizens board of governors voted to spend more than $170 million over the next three years on $500 million in reinsurance bonds.DeSantis made his statement at a news conference in Fort Myers, a city that took the brunt of Hurricane Ian last September, and where many homeowners are now complaining that they’ve received little or no payouts on...

Ron DeSantis, the rightwing Republican governor of Florida and a likely 2024 presidential candidate, has handed favors to his big-money donors in the insurance industry at the expense of cash-strapped residents of his state, a new report claims. The report, “How Ron DeSantis sold out Florida homeowners”, draws on contributions from the American Federation of Teachers union, the non-profit Center for Popular Democracy, the voting rights group Florida Rising and the dark money watchdog Hedge Clippers. [cut] the report’s authors suggest, that DeSantis’s administration has put the insurance companies’ interests ahead of Florida’s own citizens, who are battling homeowner insurance...