Jul. 11 at 3:49 PM
$ZURVY $STFGX $ALL
Another major insurance company limits new homeowners insurance in California. Farmers, the second-largest provider of homeowners insurance in the state, said it placed the cap on the number of policies in California effective July 3. The company cited high costs and wildfire risks.
Farmers’ shift follows decisions by State Farm and
$ALL, two of America’s largest insurers. The companies said they will no longer write new homeowners policies in the state. Both cited wildfire risk as a reason for the move and blamed limits placed on insurance premiums in states like California
https://www.mercurynews.com/2023/07/11/another-major-insurance-company-limits-new-homeowners-insurance-in-california/