State Farm is about to drop thousands of policies in certain California ZIP codes. Is yours one of them?
Last month, State Farm Insurance announced it would be dropping thousands of California policies beginning this summer, nearly a year after announcing it would no longer accept homeowner insurance applications in the Golden State.A recent state filing by State Farm shows exactly where California's largest home insurer will not renew insurance policies due to significant wildfire risk.
"RELATED: State Farm stops offering home, property insurance in California"This decision was not made lightly and only after careful analysis of State Farm General’s financial health, which continues to be impacted by inflation, catastrophe exposure, reinsurance costs and the limitations of working within decades-old insurance regulations," the company said.
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