The company said the move will affect only Farmers-branded policies and will not affect policies sold in Florida by subsidiaries Foremost and Bristol West.

The solar industry is expected to grow as much in the next five years as it has in the past two decades combined.

Property catastrophe reinsurance was the most challenging segment of the market during the recent renewal season.

More than 50% of the U.S. population is living in an area that is now twice as likely to experience a severe flood, First Street reports.