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.Farmers Insurance Pulls Out Of Florida!!!!July 11, 2023."Another insurer is leaving Florida, where homeowners are paying more than ever for insurance, despite the state’s attempt to shore up the wobbling market.On Tuesday, Farmers Insurance informed the state it was dropping home, auto and umbrella policies across Florida, potentially affecting tens of thousands of people. It’s the fourth company to leave the Florida market in the last year — most citing rising risks from hurricanes. Farmers, a large company with a national presence, also has reduced new business in California, citing extreme weather and wildfire threats.“This business decision was necessary to effectively manage risk exposure,” the company wrote in a statement."..
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Farmers Insurance Pulls Out Of Florida!!!!
July 11, 2023
"Another insurer is leaving Florida, where homeowners are paying more than ever for insurance, despite the state’s attempt to shore up the wobbling market.
On Tuesday, Farmers Insurance informed the state it was dropping home, auto and umbrella policies across Florida, potentially affecting tens of thousands of people. It’s the fourth company to leave the Florida market in the last year — most citing rising risks from hurricanes. Farmers, a large company with a national presence, also has reduced new business in California, citing extreme weather and wildfire threats.
“This business decision was necessary to effectively manage risk exposure,” the company wrote in a statement."
