From NerdWallet:

According to the R Street Institute’s Florida director, Christian Cámara, “If the claims arising from a storm (or series of storms) taps all of Citizens resources, the remaining claims would be borne by Floridians through costly assessments (“hurricane taxes”) on virtually every type of policy – including homeowner’s, renter’s, business, and even automobile insurance. This would have a ripple effect on the economy for years to come.”

Floridian policyholders are still subject to surcharges for damage in the 2004-2005 hurricane season.

Depopulating Citizens changes the financial landscape for the state and individual Floridians. As Cámara notes, “Claims from policies in private companies would be paid for by private capital rather than public debt.”