“It also revealed that Florida’s vulnerability to hurricanes had been seriously underestimated,” the report said.
“The event brought a harsh awakening and forced individuals, insurers, legislators, insurance regulators and state governments to come to grips with the necessity of preparing both financially and physically for unprecedented natural disasters.”Florida isn’t the only state experiencing insurance woes related to climate change and natural disasters. State Farm announced this past May that it
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another major insurance company limits new homeowners insurance in California | CNN BusinessFarmers Insurance has limited new homeowners insurance policies in California, joining other major national insurance providers.
Source: CNN - 🏆 4. / 95 Read more »
Farmers Insurance pulls out of the Florida marketThe 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.
Source: wjxt4 - 🏆 246. / 63 Read more »
Farmers Insurance pulls out of Florida, affecting 100,000 policyholders | CNN BusinessFarmers Insurance will stop offering its policies in Florida, which includes home, auto and umbrella, in a change that will affect 100,000 people.
Source: CNN - 🏆 4. / 95 Read more »