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Published 5 months ago

U.S. Senate committee probes Citizens Property Insurance's solvency, viability

Summary by Ground News
The U.S. Senate Budget Committee is demanding answers from Gov. Ron DeSantis. The committee is concerned about how climate risk could push Florida's insurer of last resort into insolvency. If Citizens were unable to cover its losses, it is entirely possible that state leaders might ask the federal government for a bailout.

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