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State Farm credit rating lowered in state – Insurance News

AM Best Affirms Credit Ratings Of Shinkong Insurance Company Limited – InsuranceNewsNet



State Farm General is the largest home insurance company in California, covering about 15% of all homes in the state. It’s also been very public about its rapidly deteriorating financial condition: In 2023, State Farm stopped writing new home insurance policies altogether, and in 2024 it began dropping nearly 30,000 homeowners. Even with the back-to-back…

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