www.housingwire.com
3 months agoCalifornia
State Farm will not renew more than 70K property policies in California
State Farm General Insurance is not renewing 30,000 residential and 42,000 commercial apartment policies in California, citing financial challenges and outdated regulations.
California Department of Insurance is pursuing reforms to align insurance rates better with risk, considering allowing catastrophe modeling for more accurate risk projections. [ more ]