Farmers Insurance said it will stop offering its policies in Florida, including for home and car insurance, in a change that will force tens of thousands of people to switch to a different insurance company.
In a statement, Farmers Insurance said it made the decision to manage its exposure to risk in Florida, a state that sees hurricanes and tropical storms nearly every year.
“Such policies will continue to be available to serve the insurance needs of Floridians,” Farmers Insurance spokesperson said Wednesday. “Affected customers will receive notifications detailing when their coverage will end and will be advised of options for replacement coverage.”…