Is Gulfstream insurance leaving Florida?
Is Gulfstream insurance leaving Florida?
Gulfstream, which operates throughout the state except for Miami-Dade, Broward, Palm Beach and Monroe counties, is nixing 20,311 out of its 56,000 Florida policies, citing the threat of a deteriorating financial condition that would reach “an unsustainable level by mid-2021.” May 25, 2021
Why did State Farm leave Florida?
The company cited its “substantially weakened financial position,” which it tied to its inability to obtain regulatory approval of property insurance rate increases. Jan 27, 2009
Is Capitol preferred going out of business?
Capitol Preferred will no longer exist following the transaction, and all of its 82,800 policies will be moved to Southern Fidelity. Nov 8, 2020
