State Farm no longer offering home insurance in California ...Middle East

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” for its decision, making particular note of the risk posed by the state’s frequent wildfires. “We take seriously our responsibility to manage risk,” State Farm said. “We recognize the Governor’s administration, legislators, and the California Department of Insurance (CDI) for their wildfire loss mitigation efforts. “However, it’s necessary to take these actions now t

Hence then, the article about state farm no longer offering home insurance in california was published today ( Sunday 28/05/2023 - 06:20 AM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( State Farm no longer offering home insurance in California )

Last updated : 28 May 2023 clock 06:20 AM

Also on site :

State Farm no longer offering home insurance in California ...Middle East

Who is the IRGC, the Iranian corps enforcing the crackdown on protesters?

Paramount files lawsuit in pursuit of Warner Bros. Discovery and threatens proxy fight

Heated Rivalry season 2 release date speculation, cast and latest news

Pokémon Ascended Heroes: Release date and what to expect

Breaking down Mamdani's order to end solitary confinement on Rikers Island

Israel considers plan to expand settlement in occupied East Jerusalem

Residents ‘left out’ of debate over controversial plan to pump ‘gas blend’ into homes

Every Stark In Game Of Thrones, Ranked

This Documentary Takes You Inside the Very Real World of Competitive Lightsaber Duels (Exclusive)

Bob Newhart's Two Non-Negotiable Demands for Emmy-Winning 'Big Bang Theory' Role Revealed: 'That's the Only Way I Function'

Astronomers may have already spotted the 'Great Comet of 2026' — and it could soon be visible to the naked eye

London’s homicide rate is at a record low as mayor says it disproves Trump’s ‘dystopian’ claims

Man dies in Oakland traffic collision, second driver arrested

Elon Musk& 039;s X Hit with Probe Over GrokAI Sexual Deepfakes

Dan Bongino set to return to talk show after exiting FBI