AAA Insurance dropping 'small percentage' of Florida homeowners

Just days after more than 100,000 people were affected by Farmers Insurance pulling out of Florida, another major insurer is leaving some homeowners scrambling.

AAA Insurance confirmed on Thursday that it is dropping some policyholders in Florida "to manage risk and catastrophe exposure" — the same reason Farmers cited for its exit. AAA said these "non-renewals" account for a "small percentage" of its business but did not say how many people would lose coverage.

"This decision is one we do not take lightly, yet it’s a necessary one to reaffirm our commitment to the state and those we insure. We acknowledge that this is a difficult time for those affected. AAA insurance agents are willing and able to help them find alternate coverage," the company wrote, in part.