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Published 1 month ago

State Farm discontinuing 72,000 home insurance policies in California in latest blow to state market

  • State Farm will stop coverage for 72,000 houses and apartments in California due to rising costs and increased catastrophe risks.
  • The decision affects 30,000 houses and 42,000 apartments in the state.
  • State Farm cites outdated regulations as another reason for not renewing policies.
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The IndependentThe Independent

State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market

Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer

1 month ago·London, United Kingdom
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Associated Press NewsAssociated Press News

State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market

SACRAMENTO, Calif. — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would

1 month ago·United States
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abc Newsabc News

State Farm discontinuing 72,000 home insurance policies in California in latest blow to state market

Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer

1 month ago·United States
Read Full Article
KRDOKRDO

State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market

SACRAMENTO, Calif. (AP) — Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer. The announcement this week comes nine months after the Illinois-based company said it would not issue new home policies in the state. California’s largest insurer is citing soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it won’t renew the…

1 month ago·Colorado Springs, United States
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KIFIKIFI

State Farm discontinuing 72,000 home insurance policies in California in latest blow to state market

SACRAMENTO, Calif. (AP) — Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer. The announcement this week comes nine months after the Illinois-based company said it would not issue new home policies in the state. California’s largest insurer is citing soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it won’t renew the…

1 month ago·Idaho Falls, United States
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CBS NewsCBS News

State Farm won't renew homeowners coverage for 72,000 California homes and apartments

State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer, nine months after announcing it wouldn't issue new home policies there.

1 month ago
Read Full Article
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