Jan 09, 2025
In 2024, California experienced a significant reduction in property insurance coverage as major insurers canceled or declined to renew a substantial number of policies. Notably, State Farm announced in April 2024 that it would not renew approximately 30,000 homeowners' insurance policies and 42,000 commercial apartment policies, totaling 72,000 policies statewide.
Read Full Story Here: https://www.newsweek.com/these-california-insurers-cut-policies-before-devastating-wildfires-2012158