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Farmers Insurance drops 100,000 policies in Florida
DeathSantis is turning Florida into a third world country. Homeowners either cannot get home insurance or have to pay a great deal more
Link to tweet
https://www.orlandosentinel.com/2023/07/11/farmers-insurance-pulls-out-of-florida-angering-patronis/
TALLAHASSEE — Farmers Insurance Group announced Tuesday that it would no longer write new policies or renew existing homeowner, auto and umbrella policies, affecting about 100,000 customers, a day after Florida Chief Financial Officer Jimmy Patronis threatened to take action if it did......
The state agency on Tuesday received a “market reduction notice from Farmers Insurance Group,” communications director Samantha Bequer said in an email to the Orlando Sentinel. “OIR is reviewing the notice in accordance with applicable Florida Statutes.”....
Since DeSantis was first sworn in as governor in 2019, property insurance rates have ballooned to an average of $4,231, nearly triple the national average of $1,544.
A Florida Watch report published in cooperation with the American Federation of Teachers showed that DeSantis collected nearly $4 million in campaign donations from insurance companies. Since he was inaugurated in January 2019, the industry has donated $9.9 million to legislators, the report said.
The state agency on Tuesday received a “market reduction notice from Farmers Insurance Group,” communications director Samantha Bequer said in an email to the Orlando Sentinel. “OIR is reviewing the notice in accordance with applicable Florida Statutes.”....
Since DeSantis was first sworn in as governor in 2019, property insurance rates have ballooned to an average of $4,231, nearly triple the national average of $1,544.
A Florida Watch report published in cooperation with the American Federation of Teachers showed that DeSantis collected nearly $4 million in campaign donations from insurance companies. Since he was inaugurated in January 2019, the industry has donated $9.9 million to legislators, the report said.
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