@stuartblair I think only when the reinsurers back away from those areas. I don't understand why they haven't already though.
@stuartblair Denialists will become contortionists
@b4cks4w Citizens' policy count has grown significantly since October 2019:
October 2019: 420,000 policies
June 30, 2020: 474,630 policies
June 30, 2021: 638,263 policies
As of Friday: 1,345,403 policies
Citizens' policy count is expected to reach a record high of nearly 1.7 million in 2023.
@b4cks4w no doubt some will decry the insurers for listening to their actuarial models as somehow a bunch of woke Marxists.
@stuartblair oh for sure the wildass leftist finstat militia, that's the problem.
@b4cks4w apparently insurers have been leaving the state in droves. Citizens insurance is the Florida insurer of last resort. It's effectively the state itself insuring the properties of Florida as this category 3 bears down on all that coastal real estate.
Not going to be a good month for the state governments finances.