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Another major insurer is halting new policy sales in California

Por: CBS News Business June 03, 2023

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Allstate, one of the nation's largest insurance companies, has joined State Farm in deciding to halt sales of property and casualty coverage to new customers in California, saying it's too pricey to underwrite policies in the state which has seen thousands of natural disasters in recent years.Allstate quietly stopped issuing new policies in California months ago, but didn't announce the move until Friday. Allstate was the... + full article



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