State Farm tells Lara that it “doesn’t make sense” to issue new policies in California
[ad_1]
California’s largest property insurer, State Farm General, has warned that it will not resume writing new policies in the state, even if regulators approve its proposed 22% rate increase. The statement, delivered in a letter to Ricardo Lara, the state’s insurance commissioner, underscores the growing crisis in California’s homeowners insurance market as insurers retreat in response to rising wildfire-related losses and regulatory constraints.
[ad_2]
Source link
