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New York CNN —Farmers Insurance will stop offering its policies in Florida, including home, auto and umbrella policies, in a change that will force thousands of people to change their insurance provider. Farmers serves 100,000 customers in Florida but said there will be no impact to customers who use Farmers’ owned subsidiaries like Foremost Signature and Bristol West. “Such policies will continue to be available to serve the insurance needs of Floridians,” Farmers Insurance spokesperson Trevor Chapman said in a statement. Florida requires affected policyholders to receive a 120-day notice that their policies aren’t being renewed. Earlier this week, Farmers limited new homeowners insurance policies in California because of high costs and wildfire risks.
Persons: Trevor Chapman, don’t, aren’t, ” Mark Friedlander, ” Friedlander, hasn’t, , Friedlander, It’s, Hurricane Ian, Harvey Organizations: New, New York CNN — Farmers Insurance, Farmers, Bristol West, ” Farmers Insurance, , Insurance Information Institute, CNN, Insurance, Institute, Atlantic, National Oceanic, Atmospheric Administration, NOAA, Farm, Allstate Locations: New York, Florida, California
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