https://www.usatoday.com/story/money.../70427062007/#
An excerpt:
Which companies have decreased Florida insurance coverage?
- Three major companies have voluntarily withdrawn from the state since last year: Farmers Insurance, Bankers Insurance and Lexington Insurance, a subsidiary of AIG.
- AAA is not renewing a “very small percentage of higher exposure homeowner’s policies,” it told the Palm Beach Post. It has also released a statement saying that it is continuing to write new policies in the state.
- Friedlander said there are also 15 businesses that have stopped writing new policies but declined to name them.
- Seven local insurance companies have become insolvent since February 2022
Also:
Florida shares responsibility for their lack of insurance. Pretty much all states have insurance commissioners that restrict rate gouging, but when you set rates below what it takes to remain solvent in your state you are really trying to force people in other states to subsidize your risks. Even insurance companies like USAA won’t let you keep doing that. They need to be competitive in the other 49 states too.