Climate Change Pushes Farmers Insurance Out Of DeSantis’ Florida

While Ron DeSantis obsesses about “woke-ism,” and calls climate change “politicization of weather,” the departure of Farmers Insurance from Florida should serve as a wake-up call for him.

Farmers didn’t specifically say climate change is the reason it will be leaving thousands of Floridians in the lurch, but that is clearly the impetus. From the Tampa Bay Times:

On Tuesday, Farmers Insurance informed the state it was dropping home, auto and umbrella policies across Florida, potentially affecting tens of thousands of people. It’s the fourth company to leave the Florida market in the last year — most citing rising risks from hurricanes. Farmers, a large company with a national presence, also has reduced new business in California, citing extreme weather and wildfire threats.

“This business decision was necessary to effectively manage risk exposure,” the company wrote in a statement.

Floridians already pay the highest property insurance rates in the country, according to the Times, as many insurers have either become insolvent or just stopped writing policies there. With thousands of Floridians about to lose coverage thanks to Farmers' departure, the rates will probably go up even higher.

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