Insurers Pulling Out of Florida Due to Extreme Weather Risks

Farmers Insurance is discontinuing coverage in Florida, affecting around 100,000 policies.
Costly hurricane seasons and reconstruction costs have destabilized Florida's property insurance market.
Multiple major insurers have exited Florida recently due to climate change impacts.
Average annual premiums in Florida have tripled the national average as risks rise.
Officials are concerned about insurance availability as companies reduce exposure to weather threats.