Dave Stewart on Nostr: Some 15 major insurers, including Farmers, have announced their intention to abandon ...

Some 15 major insurers, including Farmers, have announced their intention to abandon #Florida over the year, with many citing the state's increased vulnerability to extreme weather events.

"Florida has a fraud problem," Charles Nyce, department chair of risk management and insurance at Florida State University said. "It represents 7% of the U.S. homeowners' insurance market, yet Florida represents 75% of all litigation coming out of homeowners."

It also has a governor problem.
#ClimateChange