XPost: talk.politics.misc, alt.politics.usa, alt.politics.republicans
https://www.theblaze.com/news/state-farm-stops-selling-new-homeowners-insurance-in-california
State Farm General Insurance Company will stop accepting
new applications for business and personal lines of property
and casualty insurance today, the company announced in a
press release Friday.
"State Farm General Insurance Company made this decision
due to historic increases in construction costs outpacing
inflation, rapidly growing catastrophe exposure, and a
challenging reinsurance market," the company said in
its statement.
. . .
And like your good neighbors, State Farm is GETTING
OUT OF TOWN, FAST.
The ever-unfolding disaster that is California ...
Oh, and the "catastrophe exposure" ... were they
talking NATURAL catastrophes, or something different ? :-)
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