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State Farm no longer offering home insurance in California

Por: The Hill Politics May 30, 2023

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State Farm will no longer offer home and property insurance to new customers in California starting Saturday, the company said in a . 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. State Farm said that it will continue to... + full article



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