Farmers Insurance to Scale Back Coverage in Florida: Over 100,000 Policies Impacted
Farmers Insurance, a leading US insurance company, announced plans to decrease its coverage in Florida, prompting concerns for residents needing new auto, home, or umbrella insurance policies. The move to cut back coverage will affect nearly 100,000 policies, prompting the need for a smooth transition to prevent undue hardship for policyholders. Shrinking Market Presence In…