Major Insurance Company Pulls Out of Florida

Major Insurance Company Pulls Out of Florida
Storm clouds seen over Miami as Hurricane Isaias approaches the east coast of Florida on Aug. 1, 2020. Joe Raedle/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
0:00

Farmers Insurance said it will stop offering its policies in Florida, including for home and car insurance, in a change that will force tens of thousands of people to switch to a different insurance company.

In a statement, Farmers Insurance said it made the decision to manage its exposure to risk in Florida, a state that sees hurricanes and tropical storms nearly every year.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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