Which insurance companies are leaving Florida?

Major home insurance companies that have exited or scaled back operations in Florida include Farmers Insurance, Progressive, and AAA.

📉 Major Carriers Exiting or Pulling Back

• Farmers Insurance: Stopped writing new homeowners policies in the state.
• Progressive: Cut back coverage and nonrenewed thousands of policies.
• AAA: Scaled back or stopped offering new property coverage.

⚠️ Insolvent or Liquidated Companies

Numerous smaller or regional private carriers have also gone out of business or entered receivership/liquidation due to financial strain, excessive litigation, and hurricane losses:

• FedNat Insurance Company
• Southern Fidelity Insurance Company
• Weston Property & Casualty
• St. Johns Insurance Company
• United Property & Casualty (UPC)
• Avatar Property & Casualty
• Lighthouse Property Insurance

Based on recent industry surveys like J.D. Power's property and satisfaction studies, the lowest-ranking homeowners insurance companies for customer satisfaction and claims include Universal Direct, Tower Hill Insurance, National General, Homesite, and Foremost.

Lowest-Ranking Home Insurers

• Universal Direct: Ranks at the very bottom of major customer satisfaction and claims surveys due to slow response times and service issues.
• Tower Hill Insurance: Frequently scores near the bottom for overall customer experience and policyholder satisfaction.
• National General: Scores poorly on consumer satisfaction metrics regarding communication and payout handling.
• Homesite: Routinely lands at the bottom of J.D. Power claims satisfaction rankings for property coverage.
• Foremost: Receives below-average customer satisfaction scores for handling claims and policy value.

The biggest property/residential insurance provider in Florida by policy count is the state-backed Citizens Property Insurance Corporation, while national giants like Progressive and State Farm lead in auto and private residential lines.

Breakdown by Insurance Type

• Homeowners / Property Insurance: Citizens Property Insurance Corporation is the largest property insurer overall in Florida, holding over 1.2 million residential policies as the state-backed insurer of last resort. Among private carriers, State Farm Florida Insurance Co. and Universal Property & Casualty handle the highest volumes of residential policies.
• Auto Insurance: Progressive is the largest auto insurer in Florida, commanding roughly 32% of the market share, followed closely by State Farm.
• Health Insurance: GuideWell Mutual Holding Group (which operates Florida Blue) is the largest health insurance provider in the state, holding over 40% of the market share.

You can track active insolvencies and companies currently undergoing liquidation or receivership through the Florida Department of Financial Services Division of Rehabilitation and Liquidation.

Companies in Liquidation / Receivership

Multiple property, casualty, and health insurers have gone under or been placed into receivership in recent years due to severe financial instability, litigation costs, and catastrophe losses:

• FedNat Insurance Company
• United Property & Casualty (UPC) Insurance Company
• Weston Property & Casualty Insurance Company
• Southern Fidelity Insurance Company
• St. Johns Insurance Company
• Avatar Property and Casualty Insurance Company
• American Capital Assurance Corp
• Gulfstream Property and Casualty Insurance Company
• Windhaven Insurance Company
• Florida Specialty Insurance Company
• Guarantee Insurance Company
• Physicians United Plan Inc.

Recent Regulatory Actions and Market Exits

• Atlantic Coast Life Insurance Co.: Recently suspended from writing new policies by the Florida Office of Insurance Regulation due to financial impairment.
• National/Regional Market Withdrawals: Major national brands like Farmers, AAA, and Progressive have also scaled back or completely ceased writing new homeowners policies in the high-risk Florida market.
• State-Backed Backstop: Hundreds of thousands of policyholders displaced by these insolvencies and pullbacks have been forced to transition to the state-backed insurer of last resort, Citizens Property Insurance Corporation.

Check the MyFloridaCFO Receivership List or local state insurance commissioner portals for official, up-to-date insolvency and liquidation proceedings, as numerous regional and property insurers have faced shutdowns due to severe disaster losses and rising reinsurance costs.

While major national brands like State Farm, Allstate, and Farmers are scaling back or pausing new policies in high-risk states like California and Florida rather than going completely out of business, several smaller or regional carriers have faced insolvency, liquidation, or total market exits.

Recent Liquidations and Insolvencies

• Florida Property Insurers: Multiple regional carriers have been ordered into liquidation or receivership in recent years, including FedNat Insurance Company, United Property & Casualty Insurance Company, Avatar Property and Casualty Insurance Company, Southern Fidelity Insurance Company, and St. Johns Insurance Company.
• National and Legacy Winding Downs: Companies like Bedivere Insurance Company (formerly OneBeacon) entered liquidation proceedings following adverse legal judgments and legacy liabilities.
• Health and Health-Adjacent Exits: Major groups are winding down specific lines; for instance, Providence Health Plan announced plans to wind down most of its commercial insurance and Oregon ACA operations, and several smaller regional health plans have exited the Medicare Advantage or ACA exchange markets.