The U.S. Senate Budget Committee is investigating Florida's Citizens Property Insurance Corp. over climate risks and its ability to pay claims for climate-related disasters. Democratic Senator Sheldon Whitehouse has requested documents on the insurer's plans to address losses from such events. This raises concerns about the potential need for federal assistance in the event of a major hurricane hitting Florida. The investigation comes amid ongoing issues with insurance payouts for over 80,000 Floridians affected by Hurricane Ian, with the next hurricane season approaching.
Just to recap the issues are : - we need a line by line of the budget not paper printed budgets in boxes. - we need a list of those sponsored to travel to COP, the cost of the trip and the benefits they are bringing back with them as a result. Citizens must know what they… https://t.co/E1wTnVKjgV
It's been 14 months since #HurricaneIan and still more than 80,000 Floridians are fighting for their insurance payouts. Today marks 6 months until the start of the next Hurricane Season. But is the state ready for another major storm? @JMichaelsNews went there to find out. https://t.co/SbeADtg4Ig
The chairman of the Senate Budget Committee has opened an investigation into #Florida’s Citizens Property Insurance Corp. and its ability to pay claims for “climate-related” disasters before seeking federal help. https://t.co/4tjRGLzQ89 via @ronhurtibise
U.S. Senate Budget Committee is investigating Citizens, Florida’s property insurance of last resort , raising questions about climate risks and whether the federal government could be asked to bail out Citizens if a major hurricane hits. https://t.co/uWOM8TbcPf
Democratic Senator Sheldon Whitehouse of Rhode Island asked Florida’s biggest property insurer for documents on how it plans to address losses from climate-related weather events https://t.co/7QIBXHH6N7
The U.S. Senate Budget Committee has requested a wide range of documents from Florida’s Citizens Property Insurance Corp., raising questions about climate risks and whether the federal government could be asked to bail them out if a major hurricane hits. https://t.co/chbQ1amV0p