I can only assume this is true since there's been no statement from leadership
Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking for coverage.
And those homeowners likely won’t be able to turn to Citizens Property Insurance Corp., the state-backed insurer of last resort, which insures homes only up to $700,000 in much of the state, the South Florida Sun Sentinel newspaper reported. The Boston-based Lexington, classed as a surplus lines carrier in Florida, specializes in homes with replacement values of $1 million or more. The company appears to be discontinuing its personal lines division nationwide on Aug. 1, the news site said.