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by frumper 1061 days ago
While they are the largest in CA, there are 100 home insurance companies operating in California. Also the excuse of wildfire doesn’t make much sense. They also cite high building costs, but policies are priced on how much insurance people buy, so that doesn’t make much sense either. Also, State Farm is renewing, just no new policies.

https://calmatters.org/economy/2023/06/california-home-insur...

1 comments

Do you not think major insurers like StateFarm pulling out of the market will drive premiums up for the average folks?