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TALLAHASSEE, Fla. (FLV) – Gov. Ron DeSantis’ office confirmed that State Farm Insurance plans to continue its presence in the Florida insurance marketplace after Farmers Insurance declared plans to leave the state. State Farm spokesperson Roszell Gadson told NewsNation in a statement that the company plans to commit to “responsible growth” to “deliver promises” to customers. “We are encouraged by the recent insurance reforms and efforts to curb legal system abuse and we will continue to work constructively with the Florida Legislature and the Office of Insurance Regulation to improve...

SANIKA. MEGAN. THANK YOU. WHAT COMES NEXT? THAT’S THE QUESTION ON ABOUT 100,000 FLORIDIANS MINDS RIGHT NOW AFTER FARMERS INSURANCE ANNOUNCED IT IS PULLING OUT OF CERTAIN HOME POLICIES IN THE SUNSHINE STATE’S FARMER SAYS THE DECISION WAS NECESSARY TO MANAGE RISK BECAUSE OF THE HIGH COSTS OF HURRICANES. IAN AND NICOLE. THAT MEANS PEOPLE ARE NOW SCRAMBLING WONDERING WHERE TO GET NEW INSURANCE AND LONG THEY HAVE TO DECIDE. US NOW TO HELP BREAK DOWN THE MOST RECENT EDITION TO FLORIDA’S INSURANCE CRISIS IS MARK FRIEDLANDER FROM THE INSURANCE...

TALLAHASSEE - Florida CFO Jimmy Patronis said he is concerned and angry that Farmers Insurance is pulling out of the state. Farmers Insurance said it will end residential, auto, and umbrella policies in Florida, forcing tens of thousands of customers to look elsewhere for coverage. Farmers will not write new policies or renew existing policies. The non-renewals will play out over several months. The company said the move will affect only Farmers-branded policies and will not affect policies sold in the state by subsidiaries Foremost and Bristol West. It indicated...

TALLAHASSEE, Fla. — Floridians are still feeling the ripple effects of the state’s unstable insurance market months after lawmakers took up the issue in Tallahassee. On Tuesday, Farmers Insurance said it will not renew existing policies in Florida, forcing tens of thousands of customers to look elsewhere for coverage. Company officials said Tuesday the move to end its property, auto, and umbrella policies was necessary to reduce the amount of risk the company faced. Ashley Edlund of Action News Jax’s Orlando sister station WFTV asked where people should turn and...

TAMPA, Fla. (WFLA) — Some Florida homeowners will be left looking for new insurance after Farmers Insurance said it would pull out of the state. “I’m planning on having new policies within the next three months,” Dawn Turner said. Turner said her policy increased from $1,794 to $2,411. “It’s not a good sign for the market,” said David Murray, an insurance claim attorney in Tampa. “Our legislature is giving away policy holder rights to insurance companies and they’re getting nothing in return. Twice last year, Florida lawmakers passed sweeping property...

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.

TALLAHASSEE, Fla. — The Florida insurance market took a hit Tuesday, as Farmers Insurance said it will end residential, auto and umbrella policies in the state, forcing tens of thousands of customers to look elsewhere for coverage. The company said the move will affect only Farmers-branded policies and will not affect policies sold in the state by subsidiaries Foremost and Bristol West. It indicated the Farmers-branded policies make up about 30 percent of the policies sold by the affiliated companies in Florida. “We have advised the Florida Office of Insurance...

Another property insurer is dropping coverage in Florida. Farmers Insurance will stop writing new business and not renew its existing “Farmers-branded” automobile, home and umbrella policies in the Sunshine State, the company said Tuesday. Last month, Farmers said it was only pausing new business in Florida. The company is also limiting new home policies in California, where it is based, according to news reports. “This business decision was necessary to effectively manage risk exposure,” the company said in a statement. The move will impact 30% of the company's business in...

Another property insurer is dropping coverage in Florida. Farmers Insurance will stop writing new business and not renew its existing “Farmers-branded” automobile, home and umbrella policies in the Sunshine State, the company said Tuesday. Last month, Farmers said it was only pausing new business in Florida. The company is also limiting new home policies in California, where it is based, according to news reports. “This business decision was necessary to effectively manage risk exposure,” the company said in a statement. The move will impact 30% of the company's business in...

Another insurer is leaving Florida, where homeowners are paying more than ever for insurance, despite the state’s attempt to shore up the wobbling market. Tuesday, Farmers Insurance informed the state it was dropping home, auto and umbrella policies across Florida, potentially affecting tens of thousands of people. It’s the fourth company to leave the Florida market in the last year — most citing rising risks from hurricanes. Farmers, a large company with a national presence, also has reduced new business in California, citing extreme weather and wild fire threats. “This...