Citizens Property Insurance targeted in Senate Budget Committee probe
The US Senate Budget Committee has requested information and documents from Citizens Property Insurance, Florida’s public insurer of last resort, regarding its plans to address potential underwriting losses from climate-related weather events.
In a letter to Citizens CEO Tim Cerio, Florida Insurance Commissioner Michael Yaworsky and Florida Governor Ron DeSantis, Democratic Senator Sheldon Whitehouse said those events included potential disasters such as tropical cyclones, intense precipitation events, droughts, heatwaves, sea level...
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