Farmers Insurance Group stops writing new property policies in Florida

[melm00se]

30. One thing that some politicians have right

is that our state by state regulation of insurance is a killer.

This forces the insurance companies to treat each state almost as a separate subsidiary. So they really can't average costs across the country but only across the state.

There are people who move from FL to just over the state line into GA because the GA insurance rates (even though the old place is 5 miles from the new place) are half of what they were in FL.