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Insurance giant halts sale of new home policies in California due to wildfires

The insurance giant State Farm, America’s biggest car and home insurer
by premium volume, will halt the sale of new home insurance policies in
California, citing wildfire risk and inflation of construction costs.
Starting on Saturday, the company will not accept insurance applications
for business and personal lines property and casualty insurance. The
company will still accept auto insurance applicants.

Guardian 27th May 2023

https://www.theguardian.com/us-news/2023/may/27/state-farm-home-insurance-california-wildfires

May 30, 2023 - Posted by Christina Macpherson | climate change, USA

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