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Latest Discussions»General Discussion»Property insurance afford...»Reply #4
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General Discussion

In reply to the discussion: Property insurance affordability crisis-- where does it end? [View all]

flamingdem

(39,313 posts)
4. CItizens Insurance, the state back FL insurance company is being investigated by congress
Reply to RSherman (Reply #1)
Thu Mar 28, 2024, 03:01 PM
Mar 28

DeSantis said they're insolvent. Basically they're relying on the feds for a bailout if and when.

Sen. Whitehouse is questioning them.

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Property insurance affordability crisis-- where does it end? [View all] dutch777 Mar 28 OP
I just heard an interview on Fresh Air about FAIR insurance RSherman Mar 28 #1
CItizens Insurance, the state back FL insurance company is being investigated by congress flamingdem Mar 28 #4
It could lead to a lot of unanticipated migration. The FL insurance example last I read though is proving insolvent. dutch777 Mar 28 #5
I am waiting on a fire sale on a small bungalow cachukis Mar 28 #2
We won't have long to wait for a partial answer I'm afraid. The next big one to hit Florida might wipe brewens Mar 28 #3
Wonder when the west coast insurers will realize that carrying earthquake insurance will sooner or later bankrupt them. dutch777 Mar 28 #6
You aren't going to like the answer NickB79 Mar 28 #7
This is my concern RSherman Mar 28 #8
There will certainly be a shift to less vulnerable locales. Some may be able to "armor' themselves but will take time. dutch777 Mar 29 #9
Latest Discussions»General Discussion»Property insurance afford...»Reply #4
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