Auto Insurance Co. Backing Out of Florida

Aerial shot of Tampa, Fla. Some motorists in Florida will likely have to switch auto insurance companies as a result of insurance provider Explorer’s filing to withdraw from the state due to auto fraud.

The Florida Underwriter reports the auto insurance company told their Florida agents, “Due to our deteriorating results in Florida, we are reducing all commissions to zero percent, effective Sept. 7, 2010. We appreciate your continued understanding and support.”

If approved by the Florida Department of Insurance Regulation (OIR), non-renewals will begin Jan. 6 of next year for policyholders in the state with Explorer coverage, according to the Florida Underwriter.

The auto insurance company is based in California, but has been offering auto insurance in Florida since 2000. Explorer Insurance had more than 16,500 private car insurance policies at the time of the filing, reports the Florida Underwriter.

About Ben Zitney
Benjamin Zitney has been covering the auto insurance industry for the past 2.5 years. Before coming to Online Auto Insurance News, he produced an extensive company history of the 30-year-old California Joint Powers Insurance Authority and worked at the Cal State Long Beach Daily Forty-Niner as a reporter, copy editor and news editor.

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