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The committee asked whether Citizens has contemplated requesting a federal bailout in the event of being unable to cover its claims.
The My Safe Florida Home program includes matching grants up to $10,000 to help pay for such things as reinforcing roof-to-wall connections, upgrading roof coverings and upgrading doors and windows, according to the program's website.
More than 8% of Louisianans were displaced by a natural disaster last year, compared to a nationwide average of 1.6%.
Reinsurance, which is essentially insurance for insurers, helps drive the catastrophe-prone Florida insurance system.
Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million of bonds.
Insurance industry news from Embroker, VIU by HUB, Ryan Specialty and more.
McKinsey analysts suggest that insurers consider making alternative capital a core part of their capital-management strategy.
Insurance industry news from Corvus Insurance, Synatic, Verisk and more.
The average payment for a Hurricane Ian-related claim was more than $104,000, according to FEMA.
The new version of the index integrates a social vulnerability index, which analyzes census tracts to flag 14 vulnerabilities.