State Farm won't renew 72,000 insurance policies in California, worsening the state's insurance crisis
Briefly

from Los Angeles Times3 months ago
This decision was not made lightly... comply with applicable financial solvency laws. It is necessary to take these actions now.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-03-23/state-farm-wont-renew-72-000-insurance-policies-in-california-worsening-the-states-insurance-crisis
One of our roles as the insurance regulator is to hold insurance companies accountable for their words and deeds... raises serious questions about its financial situation - questions the company must answer to regulators.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-03-23/state-farm-wont-renew-72-000-insurance-policies-in-california-worsening-the-states-insurance-crisis
Read at Los Angeles Times
#state-farm-general-insurance #california-homeowners-insurance-crisis #california-department-of-insurance #financial-solvency-laws #insurance-regulations
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