State Farm Ends Insurance Coverage for California Residents
California residents can no longer submit applications for home and business insurance to State Farm. The new policy went into effect May 27, but it does not impact personal car insurance. The company will continue to service existing clients for their home and business insurance. This means clients can make claims on property already covered by their insurance. “State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market,” State Farm said in a press...