TALLAHASSEE – As it sought to remind Floridians that the 2023 hurricane period is moving into its busiest months, Condition Farm insurance policies claimed Wednesday that it received virtually 59,000 claims and paid out out $597 right after Hurricane Ian and Hurricane Nicole past calendar year.
Ian crashed into the Southwest Florida coastline on September 28th just before crossing the state, even though the scaled-down Nicole created landfall in November on the East Coastline.
Condition Farm mentioned past month it would carry on “our considerable presence in the Florida insurance plan market.” That assertion arrived right after Farmers Insurance announced ideas to end giving household, auto and umbrella insurance policies in the state.
Condition Farm pointed, in aspect, to changes passed by the Legislature to reduce lawsuits against insurers.
“Our present-day options include things like a motivation to accountable progress so that we can sustain the money toughness to deliver on our guarantees to our customers,” State Farm spokesman Roszell Gadson stated in a statement. “We are inspired by the new insurance plan reforms and attempts to curb legal process abuse and we will go on to get the job done constructively with the Florida Legislature and the Office of Insurance plan Regulation to boost the market on behalf of our Florida clients.”
Thanks for reading CBS NEWS.
Create your free account or log in
for more features.
