Insurance Crisis in California: State Farm Cuts 72,000 Policies – What You Need to Know!
Sacramento, California – California’s insurance commissioner, Ricardo Lara, is speaking out against the state’s largest home insurance provider’s decision to discontinue coverage for tens of thousands of policies this summer. State Farm’s announcement to cut 72,000 home and apartment policies in California due to inflation, regulatory costs, and increased risks from catastrophes has left many property owners in a tough spot. Commissioner Lara expressed concerns about the impact of State Farm’s decision on California residents, …