this post was submitted on 13 Jul 2023
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Farmers Insurance pulls out of Florida, affecting 100,000 policyholders | CNN Business (www.cnn.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Farmers Insurance will stop offering its policies in Florida, which includes home, auto and umbrella, in a change that will affect 100,000 people.

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[–] [email protected] 1 points 1 year ago

My family have had one home leveled, one home so badly damaged that after rehab, lost 2/3 of its value, and yet another home badly damaged by three separate climate driven events. One was a 1000 yr flood, and then, two different straight wind derechos. We were homeless three times.
We live in the Midwest. Furthermore, we are only one of many thousands that have already been affected and are certainly not the first. When the insurance companies pass on the profits because of risk, we can accept that actuaries have seen the light.