With hurricane season fast approaching, Florida Governor Ron Desantis has told a journalist that Florida’s insurer of last resort, Citizens, is “not solvent.”
Senator Sheldon Whitehouse, a member of the Senate Budget Committee, has concerns that a major storm could wipe out the Insurer, and Florida would seek a bailout from Federal Taxpayers.
The insurer says everything is fine. If needed, Florida will simply assess all its customers many thousands of dollars to make up any shortfall.
See? Easy.
Meanwhile WFLA Tampa reports:
So it is instructive to compare water temperatures in the Tropical Atlantic Ocean with previous years which ended up having active hurricane seasons. Right now, in February, sea surface temperatures in the main development region of the Tropical Atlantic are warm enough to be normal for July.
To put it into more relatable terms, considering what’s been normal for the most recent 30 years, the statistical chance that any February day would be as warm as it is right now is 1-in-280,000. That’s not a typo. This is according to University of Miami Researcher Brian McNoldy.
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Hurricane season starts June 1.
But are they looking into the coming fire insurance problem in California, Oregon and parts of Washington, Idaho, Montana and Colorado? I actually warned my ex-wife about her trailer in the woods recently, in an apparent gesture of stoic good-will 🙂 She’s already at Oregon’s Insurer of Last Resort …