Farmers Insurance recently indicated it will no longer offer coverage in Florida the third major insurer to pull out of the state so far this year, with AAA being the fourth in a move that will.
Florida has become a hotbed for people migrating from other states in recent years, but as the population has increased, so has the average price of homeowners' insurance premiums.
Farmers Insurance informed the state it would "discontinue offering Farmers-branded auto, home, and umbrella policies" in Florida. The change is expected to impact about 100,000 policies.