Fourth Major Home Insurer Pulls Out Of Florida Market

July 12, 2023 Politics, Republicans

Farmers Insurance said Tuesday that it will no longer offer coverage in Florida, ending home, auto and others policies in the state in a move that will affect tens of thousands of residents.

Farmers becomes the fourth major insurer to pull out of Florida in the past year, as the state’s insurance market looks increasingly precarious amid a growing threat from extreme weather.

“We have advised the Florida Office of Insurance Regulation of our decision to discontinue offering Farmers-branded auto, home and umbrella policies in the state,” Farmers spokesman Trevor Chapman said in a statement. “This business decision was necessary to effectively manage risk exposure.”

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Farmers Insurance announced today they’re pulling out of Florida, the 4th major insurance co to leave Florida since @rondesantis took over

THAT’s the economy of DeSantis, too busy screaming hysterically about some made up “woke” boogeyman to give a shit about actual people

— Stonekettle (@Stonekettle) July 11, 2023

While Florida’s property insurance market was BURNING 🔥, Ron DeSantis used GOP supermajorities to obsess over wokeness, drag queens, and pronouns.

Now 100,000 Floridians will lose coverage, but at least no one is talking about gay in school. pic.twitter.com/8kgBrSIdYJ

— Carlos Guillermo Smith (@CarlosGSmith) July 11, 2023

Gov. DeSantis and his allies in the Florida Legislature chose to focus on culture wars, instead of addressing the issues facing everyday Floridians, during the 2023 session.

Now, we’re all suffering for it.https://t.co/CQltfHsLnX

— ACLU of Florida (@ACLUFL) July 11, 2023