Insurance Crisis in California: State Farm to Drop 72,000 Policies – Insurance Commissioner Speaks Out
Los Angeles, California – State Farm’s recent decision to not renew over 70,000 insurance policies in California has prompted concerns from the state’s insurance commissioner, Ricardo Lara. In an interview with Eyewitness News, Commissioner Lara expressed his worries about the potential consequences of this action, describing it as a significant crisis that needs to be addressed promptly. The move by State Farm, the largest home insurance company in California, to not renew 72,000 policies starting …