State Farm decision highlights challenges in California's property market
Market needs "greater stability and regulatory flexibility," says trade association
Source: insurancebusinessmag.com
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California Blames 'Climate Change' For Major Insurer's Decision To Stop Covering New Homes
State Farm will no longer homeowner insurance applications in California due to high construction costs and the growing threat of catastrophes and wildfires.
Source: dailycaller.com
California blames climate change for insurer's decision to withdraw from state
Laurel Duggan Daily Caller News Foundation State Farm will no longer take new homeowner insurance applications in California, a move the state government is blaming on climate change. The insurance company cited the high cost of construction in the state and the growing threat of catastrophes including wildfires in its Friday announcement. The California Department…
Source: wnd.com
Largest Property Insurer In California - State Farm
State Farm says it will stop selling home insurance in California, citing increasing wildfire risks and construction costs.
Source: hoodline.com
State Farm stops home insurance sales in California, citing wildfire risks
New York (CNN) — State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday.
Source: kdrv.com