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AAA pulls back from offering insurance in Florida, following Farmers
(www.cbsnews.com)
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this post was submitted on 18 Jul 2023
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This is hilarious and sould crushingly unsurprising. People actually ended up needing to use the insurance the companies were offering soooo they are just no longer offering it. Proving once again (for the millionth time) insurance companies have absolutely zero desire or feel any moral obligation to actually help people. It is 100% purely a money making operation. The millisecond they actually have to help any of their customers out, they will bend over backwards to get out of it and if they can't, they'll just leave entirely and not insure you. Beautiful. God I hate insurance so much.
Not saying insurance companies are good but I've read a lot of the problem is with insurance scams where a roofing company will tell the homeowner they can replace their roof for free with insurance, even if it's not necessary. Then that company will sue the insurance Co if they don't pay for it.
That's part of it but it's state law that made that possible, even with tort reform.
And if the state is going to legislate that way, there's even more reason to pull coverage.
It's half climate change related, and half their own doing.