Will the loss of insurance carriers lead to a coverage crisis in California?

11 July 2023

Californians now have even fewer insurance carriers to choose from, following a recent announcement from Farmers Insurance.

The company stated it saw a spike in applications for homeowners insurance and as a result will be limiting the number of new homeowners policies in the state, effective July 3.

State Farm and Allstate had already announced that they would stop writing new policies.

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