TALLAHASSEE — Farmers Insurance Group announced Tuesday that it would no longer write new policies or renew existing homeowner, auto and umbrella policies, a day after Florida Chief Financial Officer Jimmy Patronis took to Twitter to threaten to take action if it did. “Hearing rumors @WeAreFarmers might pull out of Florida,” Patronis tweeted Monday afternoon. “If that’s true my office is going ...
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That’s been going on for decades now.
It’s expensive as hell and 1% of Home Owners are sucking up 25% of the benefits.
It apparently already happened; either the state or feds gave three billion to the insurance companies, per the article. Fucking hell.
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Not long if you’re already rich