AAA follows Farmers in limiting coverage in Florida, citing natural disaster threat ...Middle East

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AAA follows Farmers in limiting coverage in Florida, citing natural disaster threat
AAA will not renew home and car insurance for some of its policyholders in Florida, citing increased natural disaster risk that it says makes the policies not worth providing. "Unfortunately, Florida's insurance market has become challenging in recent years," the company said in a statement, reviewed by CBS.  "Last year's catastrophic hurricane season contributed to an unprecedented rise in reinsurance rates, making it more costly for insurance companies to operate." AAA said the change would only impact a “small percentage” of its customers. “This decision is one we do not take lightly, yet it’s a necessary one to reaffirm our commitment to the state and those we insure,” it sa

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