Florida Gov. Ron DeSantis has warned several times that Florida Citizens Property Insurance Corp. (Citizens) is “not solvent” due to its 1.2 million policies and $17.8 billion in reserves. These statements have led to a U.S. Senate investigation and have been repeated as Florida residents struggle to maintain property coverage in a volatile market with the highest average premiums in the nation. Some analysts speculate that DeSantas is trying to influence the Florida Legislature against expanding the program. DeSants’ deputy press secretary, Julia Friedland, acknowledged that Citizens has bottomless financial capacity, derived from its ability to impose fees on nearly every insurance policyholder in Florida. However, he did not explain why DeSantes called the program “not solvent” and stated that it was never meant to house as many policies as it currently does.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
