AAA Joins List of Insurers Restricting Coverage in Florida

The action comes as Farmers Insurance withdraws certain homeowner policies in the state.

A beach town in Florida with a storm looming in the ocean.
(Image credit: Getty Images)

AAA said it will no longer renew certain auto and home insurance coverage in Florida, citing the state’s catastrophic natural disasters that are leading to “unprecedented” reinsurance rate increases.

Calling the Florida market in recent years challenging, AAA pointed to a catastrophic 2022 hurricane season that drove up costs for insurance companies to operate.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Esther D’Amico
Senior News Editor

Esther D’Amico is Kiplinger’s senior news editor. A long-time antitrust and congressional affairs journalist, Esther has covered a range of beats including infrastructure, climate change and the industrial chemicals sector. She previously served as chief correspondent for a financial news service where she chronicled debates in and out of Congress, the Department of Justice, the Federal Trade Commission and the Commerce Department with a particular focus on large mergers and acquisitions. She holds a bachelor’s degree in journalism and in English.