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State Farm will no longer insure new homes in California, company says

State Farm will no longer insure new homes in California, company says


Saturday, May 27, 2023 4:10PM

State 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 will continue offering auto insurance in the state.

State Farm is the second insurance carrier to stop insuring California homes.

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