This news comes after State Farm, another major insurer, announced leaving the state due to more wildfires and rising costs.
. But Allstate actually stopped accepting new insurance applications late last year. The Chronicle learned about this last week when it reviewed an Allstate rate increase request that the company had sent to the California Department of Insurance.But Allstate’s decision to stop writing new insurance policies was covered in industry publications last year. For example, awebsite Coverager stated that “the insurer will no longer write new homeowners and condominium business in California.
” Around that time, the insurance giant ended its third quarter that year withEarther emailed Allstate for comment, and the insurer confirmed that the decision was announced last November in its third-quarter. “We will offer continuing coverage to existing customers,” the press release said.and commercial insurance policies in California last year so we can continue to protect current customers,” an Allstate representative told.
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