"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.”"
Source: The Hill, 07/17/2023
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