After announcing it would halt sales of new homeowners policies in Florida, Farmers Insurance said the decision would only impact 30 percent of coverage currently in force for Floridians.

“Farmers offers insurance through several different brands, and this decision applies only to policies issued through our exclusive agency distribution channel,” said Farmers Spokesperson Trevor Chapman.

As previously reported in the Florida Record, Farmers blamed historically high catastrophe costs and rising reconstruction costs on their decision to withdraw from Florida as hurricane season looms.

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