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State Farm ceasing new applications in California for property insurance due to ‘historic’ construction costs, wildfire risks

Por: New York Post Business May 28, 2023

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The State Farm General Insurance Company will no longer accept new applications, citing “historic” increases in construction costs and inflation,” the company said Friday.  Beginning Saturday, the Illinois-based insurance group will cease to accept applications for business and personal lines property and casualty insurance. The move doesn’t impact personal vehicle insurance.  “State Farm General Insurance Company made this decision... + full article



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