https://www.westernjournal.com/crisis-d ... yid=126276
From aesthetic beauty to abundant resources, California boasts every natural advantage. Nothing but liberalism could have wrought its destruction.
On Wednesday, State Farm General Insurance Co. announced in a news release that it will not renew insurance policies for approximately 72,000 property owners in the Golden State, prompting California’s insurance commissioner, Ricardo Lara, to sound the alarm.Remarkably, State Farm described its action as “California-specific.”
According to Insurance Business, the company in 2023 ranked as by far the largest home insurance provider in the United States.
“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 news release said.
Socialism at it's best!
From aesthetic beauty to abundant resources, California boasts every natural advantage. Nothing but liberalism could have wrought its destruction.
On Wednesday, State Farm General Insurance Co. announced in a news release that it will not renew insurance policies for approximately 72,000 property owners in the Golden State, prompting California’s insurance commissioner, Ricardo Lara, to sound the alarm.Remarkably, State Farm described its action as “California-specific.”
According to Insurance Business, the company in 2023 ranked as by far the largest home insurance provider in the United States.
“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 news release said.
Socialism at it's best!
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