Farmers is exiting Florida's property insurance market

http://floridapolitics.com/archives/622747-farmers-is-exiting-floridas-property…

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Farmers Insurance, which may have as many as 100,000 policies in Florida, abruptly announced it is pulling out of the state. The decision by the insurer apparently caught top state regulators off guard who complained about Farmers actions. Florida Insurance Commissioner Michael Yaworsky on Tuesday sent a letter to a top official at the nationally-known insurer to “express our disappointment regarding how this decision was communicated. While the office recognizes companies need to make operational changes to books of business, [the Office of Insurance Regulation] always appreciates the opportunity to...