Credit: Ken Wolter/Shutterstock.com Credit: Ken Wolter/Shutterstock.com

The Florida insurance market took a hit Tuesday, as Farmers Insurance said it will end residential, auto and umbrella policies in the state, forcing tens of thousands of customers to look elsewhere for coverage. The company recently took similar action to slow down its California business.

The company said the move in Florida will affect only Farmers-branded policies and will not affect policies sold in the state by subsidiaries Foremost and Bristol West. It indicated the Farmers-branded policies make up about 30% of the policies sold by the affiliated companies in Florida.


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