Insurance giant State Farm to stop insuring new homes in California, citing catastrophic wildfires and rapidly rising inflation costs that have put polices at a premium
- State Farm has announced that they are stopping the sale of new home-insurance policies in California from Saturday
- The company, one of California's biggest insurers, said it had taken the decision due to the frequencies of wildfires and the high costs of rebuilding
- Existing policy holders will not be affected, and the company will still sell car insurance in the state
- https://www.dailymail.co.uk/news/article-12130537/Insurance-giant-State-Farm-stop-insuring-homes-California-citing-catastrophic-wildfires.html
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