State Farm said it will no longer accept new applications for home and business insurance in California because of an increase in catastrophic events and construction costs, the company announced Friday."State Farm General Insurance...
State Farm will no longer offer home and property insurance to new customers in California starting Saturday, the company said in a press release.
The insurance company pointed to “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure,...
Faltering California took another economic hit on Friday, as America's largest personal lines insurer said it would immediately stop selling new home insurance policies in the state. California is the largest property and casualty insurance market in the country. State...
Like a good neighbor, State Farm is there*.
(*Except for new homeowners in California.)
Citing rising construction costs and increasing wildfires in the state, State Farm General Insurance Company announced it is no longer accepting new applications for property insurance...
Saturday, May 27, 2023 4:10PMState Farm says it will no longer insure new homes and properties in California due to wildfires and rebuilding costs.The new policy began on Saturday.State Farm says existing customers will not be affected.The company...
The insurance giant State Farm, America’s biggest car and home insurer by premium volume, will halt the sale of new home insurance policies in California, citing wildfire risk and inflation of construction costs.Starting on Saturday, the company will...
