Page 35 - Mark Friedlander News Today

Https://youtu.be/8iXnNOL6rnk Yet another big Insurer unwilling to bear the increasing climate burden in Florida. Other states feeling increasing pressure as well. USAToday: Another property insurer is dropping coverage in Florida. Farmers Insurance will stop writing new business and not renew its existing “Farmers-branded” automobile, home and umbrella policies in the Sunshine State, the company said Tuesday.…

Gov. DeSantis is also making news after addressing the topic, on a conservative talk show, where DeSantis is urging patience and hoping for no hurricanes this season.

The company said in a statement that its decision to get out of Florida was a business decision necessary to manage its risk exposure in the hurricane-prone state.

The cost of homeowners insurance in Florida has increased 100% over the last few years

Thousands of Floridians with Farmers-branded insurance policies are impacted by the Tuesday announcement that the company will not be writing new policies.

"Farmers Insurance will stop offering its policies in Florida, including home, auto and umbrella policies, in a change that will force thousands of people to change their insurance provider."

The cost of homeowners insurance in Florida has increased 100 percent over the last few years

Theres a ton of collateral damage among honest voters.

Farmers Insurance leaving the state means 100,000 people will need new home and car coverage. Insurance agents will have their hands full.

Farmers Insurance became the latest company to pull out of Florida, saying it\nwill no longer write new business and not renew auto or home policies.