AAA pulls back from offering insurance in Florida, following Farmers
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Fewer options for property insurance in Florida Fewer options for property insurance in Florida 02:30 AAA will not renew the auto and home insurance policies for some customers in Florida, joining a growing list of insurers dialing back their presence in the Sunshine State amid a growing risk of natural disasters. "Unfortunately, Florida's insurance market has become challenging in recent years," the company said in a statement emailed to CBS MoneyWatch. "Last year's catastrophic hurricane season contributed to an unprecedented rise in reinsurance rates, making it more costly for insurance companies to operate." AAA declined to say how many cus...