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AAA to drop some Florida policyholders




Insurance woes: AAA set to drop some Florida policyholders

AAA said the company has decided to issue some non-renewals, saying the decision comes as Florida̵[ads1]7;s insurance market has “become challenging in recent years.” The company talked about the effects of last year’s hurricane season. In a statement sent to WESH 2, the company said, “Last year’s catastrophic hurricane season contributed to an unprecedented increase in reinsurance rates, making it more expensive for insurers to operate.” Related: Farmers Insurance Group stops writing new property policies in FloridaAAA said it, along with other insurers, has made difficult decisions. “This decision is one we do not take lightly, but it is necessary to reaffirm our commitment to the state and those we insure. We recognize that this is a difficult time for those affected. AAA Insurance Agents are willing and able to help them find alternative coverage,” AAA said in a statement. AAA said new auto and home insurance writing will continue for Florida members. Below: Lawmakers respond after Farmers Insurance Group decides to stop writing new property policies in Florida. Top Headlines: Listen to news and weather headlines with the WESH 2 podcast Subtropical Storm Don forms in the AtlanticAAA will drop some Florida insurance policyholders

AAA said the company has decided to issue some non-renewals, saying the decision comes as Florida’s insurance market has “become challenging in recent years.”

The company talked about the effects of last year’s hurricane season.

In a statement sent to WESH 2, the company said, “Last year’s catastrophic hurricane season contributed to an unprecedented increase in reinsurance rates, making it more expensive for insurers to operate.”

Related: Farmers Insurance Group stops writing new property policies in Florida

AAA said it, along with other insurers, has made difficult decisions.

“This decision is one we do not take lightly, but it is necessary to reaffirm our commitment to the state and those we insure. We recognize that this is a difficult time for those affected. AAA Insurance Agents are willing and able to help them find alternative coverage,” AAA said in a statement.

AAA said new auto and home insurance writing will continue for Florida members.

Below: Lawmakers respond after Farmers Insurance Group decides to stop writing new property policies in Florida

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