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AAA stops renewing some Florida insurance policies, points to 2022 hurricane season

Por: Fox Business Business July 19, 2023

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Florida Chief Financial Officer Jimmy Patronis says communication and negotiations have been met with atrocious effort from Farmers Insurance, which halted policies in the high-risk hurricane state this week. AAA says it will not be renewing some insurance policies due to an unprecedented rise in reinsurance rates in the state following last year's hurricane season, making the company the latest insurer to reduce its risk exposure in the... + full article



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