Auto-Owners Insurance has decided to discontinue writing new policies in Florida.
The company said the decision is in response to recent Florida legislation created during a special legislative session on insurance costs and hurricane preparedness and intensified by Emergency Rule 07-01 which prohibits cancellations and non-renewals.
“In Florida, Auto-Owners Insurance Company and Owners Insurance Company will accept no new business,” said John R. Lindauer, Auto-Owners’ Corporate Communications Manager.
He said that Southern-Owners Insurance Co., a subsidiary of the Michigan-based company, will continue to accept new business, subject to its underwriting rules and guidelines.
As of the end of calendar year 2006, Auto-Owners had 283,983 active policies in Florida according to Lindauer. He said the company, which has operated in Florida since 1952, uses independent insurance agents exclusively.
Company wide, Auto-Owners is represented by over 34,000 independent agents in more than 5,900 agencies in 25 states.
Was this article valuable?
Here are more articles you may enjoy.
Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida 
Jamaica Catastrophe Bond Has Now Triggered, Government Says 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US 
