The American Automobile Association (AAA) said that it will not be renewing home insurance policies for a small number of its Florida customers due to increased risk associated with extreme weather events as well as insurance fraud and abuse.
A spokesperson for AAA told The Epoch Times in an emailed statement that its Florida-based business has made the “difficult decision to not renew a very small percentage of higher exposure homeowner’s policies” in light of the impact of last year’s disastrous hurricane season.
“Evaluating risk and exposure management is a common part of the insurance industry,” the spokesperson said. “The catastrophic 2022 hurricane season drastically raised operational costs for providers.”…