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Judd Legum
@JuddLegum 2 years, 9 months ago 248 views

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1. While @RonDeSantisFL was fighting the culture wars, banning CRT and shipping migrants to Martha's Vineyard, he failed to meaningfully address Florida's dysfunctional and collapsing property insurance market

And now things are going to get much

@RonDeSantisFL 2. Florida's property insurance system was in crisis even though the state had not been struck by a major hurricane since 2018.

Then Hurricane Ian slammed into Florida's west coast, killing at least 74 people and inflicting tens of billions of dollars in property damage.

3. Florida property faces catastrophic risks from weather events that worsen each year due to climate change.

Floridians pay an average of "$4,231 a year per [property insurance] policy, compared to a US average of $1,544."

https://t.co/el450oM7QI

4. In the last five years, six Florida insurance companies have gone out of business "without responding to a hurricane, and four more are in the process of liquidation."

https://t.co/el450oM7QI

5. The collapsing market has left many Floridians reliant on the Citizens Property Insurance Corp., a state-run agency that is supposed to be the "insurer of last resort." It now provides property insurance for more than 1 million Floridians.

https://t.co/el450oM7QI

6. But Citizens has limited resources. It currently has $13.5 billion available to pay out claims.

If Citizens runs out of money, Florida law "allows [Citizens] to assess non-customers to pay out claims."

A "hurricane tax."

https://t.co/el450oM7QI

7. In May, DeSantis called a special session, purportedly to address the property insurance crisis.

The session resulted in lowering the threshold for the industry to access taxpayer-financed reinsurance by $2 billion.

This didn't meaningfully address the problem.

8. But the law provided "no guarantees" that the savings created by the taxpayer-financed reinsurance program would be passed to consumers.

Advocates warned it was "an industry bail-out that won’t result in savings to consumers."

https://t.co/el450oM7QI

9. And that's exactly what happened.

Despite the reinsurance fund, many insurers continued to apply for double-digit rate increases.

https://t.co/el450oM7QI

10. Why didn't DeSantis do more to fix the property insurance market in Florida?

Follow the State Farm money.

Strengthening the public reinsurance fund was opposed by "large insurance companies that can buy reinsurance from their own subsidiaries."

https://t.co/el450oM7QI

11. That opposition was reportedly led by @StateFarm.

On August 1, 2022, DeSantis collected "nearly 200 separate checks from insurance agents or their firms," totaling about $150,000.

The effort, according to Politico, was "coordinated by State Farm."

https://t.co/el450oM7QI

12. Overall, DeSantis has received at least $700,000 from the insurance industry this cycle.

https://t.co/el450oM7QI

13. For more accountability journalism that follows the money, subscribe to Popular Informatio.

It's free to sign up.

https://t.co/TfpCItdVSo

More from Judd Legum

Judd Legum
@JuddLegum

1. Texas Republicans just released the text of its voter suppression bill, SB7

Votes will be held before midnight Sunday

The bill includes a NEW PROVISION that allows judges to OVERTURN AN ELECTION "WITHOUT DETERMINING HOW INDIVIDUAL VOTERS VOTED"

Follow along if interested

2. This section appears to validate Trump's claims that he won various states because a certain number of people voted "illegally" without any other details

Now people like Guiliani can take these absurd allegations to court and, with a sympathetic judge, OVERTURN AN ELECTION

3. Texas is poised to adopt this unprecedented and radical legal provision without ANY DEBATE IN EITHER CHAMBER

It was negotiated in a secret conference committee and released on a Saturday of a holiday weekend

And there is plenty of other bad stuff in this bill

4. The final bill text also:

Bans drive-thru voting and voting after 9PM (used disproportionately by voters of color in Harris County)

Bans voting on Sundays before 1PM (Souls to the polls)

Makes it more difficult for people with disabilities to vote by mail

5. I'll keep this thread updated with more information about Texas' SB7. It completely overhauls the state's voting system and was just made public a few hours ago.

For updates and more accountability journalism, sign up for my newsletter

Judd Legum
@JuddLegum

1. Tucker Carlson's xenophobic, racist, and bigoted content has cost him nearly all his advertisers

It's mostly an hour of MyPillow ads and promos for other Fox shows

But Fox News doesn't care

Why?

They've rigged the game

Follow along if

2. A primary source of revenue for Fox News is PEOPLE WHO NEVER WATCH FOX NEWS.

On average cable TV subscribers pay $1.72 per month for Fox News

But only 14% watch Fox News

That means for every viewer, Fox News receives a $7.75 subsidy from

3.Every channel in a cable bundle receives a subsidy from non-viewers but Fox News' is FAR HIGHER than any other non-sports channel.

Fox News ($7.75)
CNN ($3.18)
TBS ($2.79)
FX

4. These carriage fees are Fox News' PRIMARY SOURCE OF REVENUE. In 2020, Fox News made $1.6 billion off carriage fees and $1.2 billion off advertising.

So that insulates them from advertisers leaving Tucker Carlson or any other show.

5. A substantial portion of Carlson's $10 million/year salary comes from people who find his views odious

Like Carlson's decision to use his program to advance "white replacement theory" - a racist idea explicitly cited by numerous mass

Judd Legum
@JuddLegum

1. BREAKING

3 major corporations say they'll stop donating to members of Congress who tried to overturn the election

BlueCross BlueShield (@BCBSAssociation)

Marriott (@MarriottIntl)

@CommerceBank

Follow along for more on these 3 plus 141 other

@MarriottIntl @CommerceBank 2. In the last 3 cycles, the BlueCross BlueShield PAC has donated 959K to GOP candidates and 359K to Dem candidates.

Now, BCBS's CEO says it will "suspend contributions to those lawmakers who voted to undermine our democracy"

https://t.co/r4Z4TjJUCe

@MarriottIntl @CommerceBank 3. @CommerceBank's PAC favors Republicans over Democrats by a 6 to 1 margin. The bank now says it has "suspended all support for officials who have impeded the peaceful transfer of power"

@MarriottIntl released a similar statement to Popular Information.

https://t.co/r4Z4TjJUCe

4. @tesszeeks and I contacted 144 corporations that donated this cycle to Senators who objected to the Electoral College vote

We asked if their support would continue

We got a lot of other responses + a lot of corporations who, so far, are ignoring

5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.

It's free to sign up.

The newsletter, not this Twitter account, is what makes this work possible.

Judd Legum
@JuddLegum

1. Florida teachers are being told to remove all books from their classroom libraries OR FACE FELONY PROSECUTION

The new policy is based on the premise that teachers are using books to "groom" students or indoctrinate them with leftist ideologies.

2. Officials from the Manatee County School District confirmed the new policy to https://t.co/Gl6evXRDcZ.

The policy was communicated to principals in a meeting last Wednesday.

Teachers are in the process of being informed now.

3. Teachers in Manatee County lamented the news on social media. "My heart is broken for Florida students today as I am forced to pack up my classroom library," one Manatee teacher wrote on Facebook.

4. Another Manatee teacher called the directive "a travesty to education" that interfered with efforts to "connect with books and develop [a] love of lifelong learning."

5. The new policy in Manatee, which is likely to be duplicated across Florida, was issued in response to HB 1467, which was signed into law by DeSantis last March.

That law established that teachers could not be trusted to select books appropriate for their students.

Judd Legum
@JuddLegum

1. I'm going to go through a few issues with the NY Post article on Biden, which I won't link to, but you will probably see on Twitter today.

Follow along if interested.

2. First the information comes from a laptop that was allegedly "dropped off at a repair shop in Biden’s home state of Delaware" and never picked up.

The "shop owner," who is not identified, "couldn’t positively identify the customer as Hunter Biden"

3. The "shop owner" thinks it was Hunter Biden because of a Beau Biden sticker on the laptop.

This makes no sense. You drop off an expensive Mac laptop at a repair shop and don't leave your name or contact information?

4. But then, after claiming the shop owner couldn't identify the customer, the piece includes a receipt that was issued to "Hunter Biden" and includes an email and phone #

So why would the shop owner produce a receipt for Hunter Biden if he didn't know the ID of the customer?

5. The piece claims the shop owner then alerted the FBI to the existence of the laptop and it was later subpoenaed by a grand jury.

But the grand jury subpoena shown does not connect the laptop to Hunter Biden.

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$Tansu YE\u011eEN$

Tansu YEĞEN
@TansuYegen

The Futuristic Mercedes AVTR driving in public

An0maly
@LegendaryEnergy

Still one of the most epic minutes in television.

$Tansu YE\u011eEN$

Tansu YEĞEN
@TansuYegen

Calligraphy is art and beauty ❤️

David Pepper
@DavidPepper

A 🧵 on Forgotten Lives

Often, I think about the lives led by those who came before us. Perhaps due to my fiction writing, I try to put myself into an individual’s shoes

And one “life” I can’t stop thinking about is that of a 16-year old Black Southern teen in the mid-1880s

1/

Let’s imagine what his life looked like then, & what it became.

In the 1880s, this teen sees a world where more Black voters are registered in Louisiana than White voters. He sees large numbers of Black voters registered AND voting in other southern states as well.

2/

Black turnout in the 1880 Presidential election is 61%.

And with this high level of Black participation in elections, this 16-year old grows up seeing Black men (not women yet) serving in office at almost every level.

3/

We’re talking mayors and sheriffs, state reps and judges, even State Supreme Court justices, house speakers, lieutenant governors and members of Congress.

I would never want to understate the racism and challenges this 16-year old faces in daily life…

4/

…but when it comes to participation in the nation’s democracy, things at least look to be moving in a good direction

And if he studies his recent history, this teen also is buoyed by the response of Pres. Grant when white supremacists tried to stop this new Black participation.

Dust-to-Digital
@dusttodigital

Remembering Glenn Gould, born on this day in 1932 in Toronto. Here he is performing Bach's Partita #2 at his cottage in Uptergrove, Ontario in the 1958 documentary film “Off the Record.”

Sir, Log yahan.. 13 days patience nhi rakh sakte aur aap 2013 ki baat kar rahe ho. Even Aap Ready made portfolio banakar bhi de do to bhi wo 1 month me hi EXIT kar denge \U0001f602

Neuland 2700 se 1500 & Sequent 330 to 230 kya huwa.. 99% retailers/investors twitter par charcha n EXIT\U0001f602
— BhavinKhengarSuratGujarat (@IntradayWithBRK) September 19, 2021