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USAA Announces Florida Insurance Cutbacks

USAA says 9% of its policyholders are in Florida, but 49% of its risk is here. To change those ratios, USAA announced that it will issue new homeowners policies in Florida only to active military personnel who actually have orders to a Florida base, and for only their primary residence. Existing policy holders who have a single residence insured in Florida will be permitted to renew and continue their homeowners insurance. We expect this to have a significant impact on retiring and retired military moving to Florida.

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