Insurance companies have been trying to cut back on homeowner policies in the Golden State due to more frequent and intense wildfires.
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State Farm Halts Home-Insurance Sales in CaliforniaThe move by one of California’s biggest insurers is a blow to the state’s efforts for years to maintain a vibrant market for homeowners in the wildfire-prone state.
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State Farm halts new property insurance policies in CaliforniaThe company cited rising construction costs and its “rapidly growing catastrophe exposure.”
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State Farm ceasing new applications in California for property insurance due to ‘historic’ construction costsThe insurance giant cited ‘historic’ construction costs increases and inflation.
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State Farm to stop accepting homeowners insurance applications in California due to wildfires, construction costsState Farm General on Friday announced that it will stop accepting new homeowners insurance applications in California.
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State Farm ceasing new applications in California for property insurance, other policiesThe State Farm General Insurance Company will no longer accept new applications for property insurance and other policies in California, citing 'historic' increases in construction costs and inflation, the company said Friday.
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State Farm stops offering home, property insurance in CaliforniaState Farm announced it will no longer accept new applications for home and property insurance in California effective Saturday, May 27.
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