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[ad_1] Farmers Insurance became the latest property insurer to pull out of Florida on Tuesday despite repeated efforts by the state’s legislature and its Republican governor, Ron DeSantis, to try to calm the volatile market that is making home ownership less affordable. Farmers informed the state that it was discontinuing new coverage of auto, home and umbrella policies. The company said in a statement that the decision would affect policies issued through its “exclusive agency distribution channel”. It said there would be no effect on 70% of current policies in Florida. Critics of DeSantis, who is seeking the 2024 Republican…

[ad_1] Farmers Insurance became the latest property insurer to pull out of Florida on Tuesday despite repeated efforts by the state’s legislature and its Republican governor, Ron DeSantis, to try to calm the volatile market that is making home ownership less affordable. Farmers said in a statement that the decision was based on risk exposure in the hurricane-prone state. We’d like to hear from people living in Florida who have been struggling to get insurance for their properties, and how this has been affecting their finances and plans for the future. [ad_2] Source link https://deffrent.com/?p=5339&preview=true