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Farmers Insurance pulls out of Florida, affecting 100,000 policyholders | CNN Business (www.cnn.com)

submitted 1 year ago by Girlparts@kbin.social to c/news@kbin.social

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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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[–] comedy@kbin.social 8 points 1 year ago (1 children)

Florida already has a public insurance company called "Citizen's," which IIRC is legally required to always be the most expensive option available. It's probably going to go bust when the next big hurricane hits, though

[–] Hairyblue@kbin.social 5 points 1 year ago

We can have National insurance. And it may be the only option for us if the private insurance companies won't even offer it to home owners.

Not state, national