Farmers is ending some policies in the Sunshine State as insurers struggle with the rising costs of covering climate change-related damage. No one can agree on whom to blame.
Insurer s retreat in Florida signals crisis with no easy fix sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
Florida CFO Jimmy Patronis claimed Farmers Insurance "has become the Bud Light" of providers after deciding to halt no longer offer coverage in the hurricane-prone state.
Farmers Insurance Florida withdrawal: What it means for the state and impacted policyholders actionnewsjax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from actionnewsjax.com Daily Mail and Mail on Sunday newspapers.
Farmers Insurance will end coverage in Florida, a move that will affect about 100,000 existing policies and represents the latest retreat by insurance companies reluctant to cover Americans living in.