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Farmers knows a thing or two--so they're abandoning Florida (www.bizjournals.com)

submitted 1 year ago by [email protected] to c/[email protected]

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After just 5 years, Farmers will no longer write homeowners policies in FL.

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[–] [email protected] -4 points 1 year ago

Texas at least has wind storm insurance which is by the state and for hurricanes. So insurance companies don't have to worry about that at all. Also flood is similar in that it's handled by the national flood insurance program.

AKA insurance companies don't have to worry about climate related risks in TX.. Thus they are not leaving Texas.

Florida needs to consider these things.