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They aren't going to cancel, but at least StateFarm won't renew or sell new homeowners insurance.
by esalman 3y ago
They aren't going to cancel, but at least StateFarm won't renew or sell new homeowners insurance.
- frumper 3y agoWhile they are the largest in CA, there are 100 home insurance companies operating in California. Also the excuse of wildfire doesn’t make much sense. They also cite high building costs, but policies are priced on how much insurance people buy, so that doesn’t make much sense either. Also, State Farm is renewing, just no new policies. https://calmatters.org/economy/2023/06/california-home-insurance/# https://calmatters.org/economy/2023/06/california-home-insur...
- esalman 3y agoDo you not think major insurers like StateFarm pulling out of the market will drive premiums up for the average folks?