State Farm to cancel 72,000 California policies

8 months ago 41

State Farm will not renew insurance policies for 72,000 California dwellings as the U.S. slides further into its uninsurable nation era. The state’s largest insurer blamed increasing risks of wildfires and other catastrophes as well as what they consider an outdated regulatory regime; new rules allowing insurers to consider future risk projections, not just historical … Continued

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