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Farmers Insurance pulls out of Florida, drops 100,000 policies

Florida CFO Jimmy Patronis delivers remarks during a press conference for Prepare Florida, the state’s hurricane preparedness initiative, at the Urban Search and Rescue Task Force 4 headquarters in Orlando., Thursday, June 8, 2023. (Joe Burbank/Orlando Sentinel)
Florida CFO Jimmy Patronis delivers remarks during a press conference for Prepare Florida, the state’s hurricane preparedness initiative, at the Urban Search and Rescue Task Force 4 headquarters in Orlando., Thursday, June 8, 2023. (Joe Burbank/Orlando Sentinel)
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Getting your player ready...
Since Ron DeSantis was first sworn in as governor in 2019, Florida property insurance rates have ballooned to an average of $4,231, nearly triple the national average of $1,544.
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