Judd Legum

@JuddLegum ↗

Deleted No

Hibernated No

Last Checked Oct. 14, 2022

Created

Mon Oct 03 12:39:51 +0000 2022

Likes

1,457

Retweets

493

Source

TweetDeck

View Raw Data

JSON Data

View on Twitter

Likely Available

Judd Legum @JuddLegum

6. But Citizens has limited resources. It currently has $13.5 billion available to pay out claims. If Citizens runs out of money, Florida law "allows [Citizens] to assess non-customers to pay out claims." A "hurricane tax." https://t.co/el450oM7QI — PolitiTweet.org

Posted Oct. 3, 2022

Preceded By

Judd Legum @JuddLegum

5. The collapsing market has left many Floridians reliant on the Citizens Property Insurance Corp., a state-run agency that is supposed to be the "insurer of last resort." It now provides property insurance for more than 1 million Floridians. https://t.co/el450oM7QI — PolitiTweet.org

Posted Oct. 3, 2022

Followed By

Judd Legum @JuddLegum

7. In May, DeSantis called a special session, purportedly to address the property insurance crisis. The session resulted in lowering the threshold for the industry to access taxpayer-financed reinsurance by $2 billion. This didn't meaningfully address the problem. — PolitiTweet.org

Posted Oct. 3, 2022