Who knows the reason why Farmers insurance is leaving Floriada?
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Farmers Insurance is leaving Florida due to the high level of risk associated with insuring properties in the state. The decision is primarily driven by the increasing frequency and severity of extreme weather events, such as hurricanes, which have made it challenging for insurance companies to manage risk effectively.
In addition, the rising costs of reconstruction and catastrophe-related expenses have further complicated the situation.
Are we just getting consolidated? Having only a few insurance providers at the end that have pricing power? Would that be advantageous to any of our existing politicians? merely attempting to track the money. 33 years here, survived all three of the 2004 hurricanes. Really, this has just been “a thing” for the last five or so years. I am aware of lawsuits. Returning to the initial query. Which legislators in Florida currently benefit from this, and how?