Farmers Insurance Set to Pull Out of Florida

Need2Know Headlines

Farmers Insurance will no longer offer policies in Florida that includes auto home and umbrella policies. The company saying that its decision was needed to manage its risk exposure in the hurricane prone state. The company currently has 100,000 customers in Florida who will all be impacted by this. Now, the state requires those affected to be given 120 day notice before the policies are removed. Many insurers in Florida say in addition to whether the legal system promotes litigation abuse and access claims.