DeSantis: Florida insurer of last resort is "not solvent"
The state-backed insurer has been shedding policies amid a federal investigation into its financial soundness
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The state-backed insurer has been shedding policies amid a federal investigation into its financial soundness
Despite some optimism from Florida lawmakers about the state's property insurance crisis, Citizens Property Insurance - the "insurer of last resort" for Florida property owners dumped by their previous companies - is still plagued by uncertainty.
State Representative Spencer Roach of North Fort Myers said that a bill he sponsored that would have provided wind coverage for every homeowner in the state is dead for now.
Lawmakers in Tallahassee say they have the solution to Florida’s insurance crisis.
A Florida lawmaker appeared before a House subcommittee this week with a plan he said will solve the state's insurance crisis.