State Farm will drop 72,000 home insurance policies in wildfire-ravaged California 9 months after saying it wouldn’t issue any new ones in the state ...Middle East

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State Farm will drop 72,000 home insurance policies in wildfire-ravaged California 9 months after saying it wouldn’t issue any new ones in the state
The company, California's largest insurer, cited soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it won’t renew the policies on 30,000 houses and 42,000 apartments.

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