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California insurance market rattled by withdrawal of major companies

Por: ABC News Business June 06, 2023

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LOS ANGELES -- Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state.State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging... + full article



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