But what was happening was a lot of those people were going on to Citizens Insurance, which is the insurer of last resort, which basically, you know, Floridians would have to backstop if you had a real catastrophic situation. So The number of people on [Citizens Insurance] got up to 1.4 million. Folks. The problem with that is that if you did have a storm, there's not. They weren't solvent to be able to pay the claims. And guess what they would have done? (05:31–05:35)
CLAIM
Asserts that Citizens Insurance had 1.4 million policyholders at one point.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
