Forecasters predict a very active hurricane season that could bring major storms, flooding, and potentially significant damage to homes. (iStock) Predictions for the upcoming 2023 hurricane season forecast some major storms and homeowners should look twice at their insurance policies...
State Farm has stopped accepting homeowner insurance applications in California, citing the growing risk from catastrophes like wildfires and the rising cost to rebuild.
“State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe...
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, and a challenging reinsurance market”...
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 not accept insurance applications for...
State Farm said Friday, May 26, that it will stop accepting new applications for property and casualty insurance in California, citing rising construction costs and its “rapidly growing catastrophe exposure.”
The policy change for personal and business lines is effective Saturday, May 27, State Farm...
