Insurance Companies Flee California

Published: May 30, 2023, noon

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From home insurance to car coverage, insurance companies are deciding to just not do business in California any longer. So what has to happen to force companies to abandon a huge market? Well, despite the headlines, it is not just weather issues and corporate greed.

Today, we take a look at the latest news that State Farm decided last week to stop offering home insurance in the state of California and what that will likely mean for homeowners going forward.

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