State Farm not insuring new homes and businesses in California
Headline from KTVU San Francisco, on the newest of 2 developments
State Farm General Insurance Company is no longer accepting new applications for homeowners insurance policies in California, citing rising construction costs and growing risk of catastrophic wildfires.
KTVU San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
State Farm Stops Selling Home Insurance Policies in California Due to Wildfire Risk
Headline from Times Of San Diego ·
Newest
State Farm not insuring new homes and businesses in California
The State Farm General Insurance Company will no longer accept new applications for property insurance and other policies in California, citing "historic" increases in construction costs and inflation, the company said Friday.
"Historic increases in construction costs" and "rapidly growing catastrophe exposure" were among the reasons behind the policy changes, the company said.
State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday.
State Farm announced it would stop accepting certain insurance applications in California citing 'cost-related reasons' as inflation continues to run rampant.
The announcement is the latest development in what has been a years-long issue in California: insurance companies dropping homeowners because of the growing risk of wildfires.
State Farm is the second insurance company to stop offering coverage due to wildfires. In the past six years, California has experienced a record number of wildfires.
State Farm's policy took effect on Saturday, denying California customers new insurance coverage for business and personal lines property and insurance.
How bad have things gotten in California? If you are somehow doing well enough to be able to afford to buy a new home there, you may not be able to get homeowner’s insurance. Or at least not fro...
One of the largest and most reputable insurance agencies in the company will no longer be accepting applications for home and business insurance in California.
State Farm General Insurance Company is no longer accepting new applications for homeowners insurance policies in California, citing rising construction costs and growing risk of catastrophic wildfires.
State Farm is the second insurance company to stop offering coverage due to wildfires. In the past six years, California has experienced a record number of wildfires.
State Farm has stopped accepting homeowner insurance applications in California, where it had been a leading home insurance provider, due to the increased risk of catastrophes like wildfires and high
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
