July 11, 2023, WFTS-TV, ABC Action News, Tampa – “Insurance companies that do business here, it’s not for the faint of heart,” said Lisa Miller, a former state official turned insurance advisor. She said the state’s market is moving in the right direction. She cites a new state report showing that companies last quarter posted their first positive net income since 2016. “We’ve been in the valley for quite awhile and I believe that our current legislation and regulatory scheme will put us back on the mountain top. (Original video story location: https://www.abcactionnews.com/news/price-of-paradise/farmers-pulls-out-of-florida-property-insurance-despite-efforts-to-stabilize-the-market)
TALLAHASSEE, Fla. – Farmers Insurance Group says it’s discontinuing Farmers-branded home, auto, and umbrella policies right here in Florida. While affiliates won’t be impacted, the departure touches about 30% of Farmers’ Florida footprint…. (Click on above story for more)
© 2023 Scripps Media, Inc.
