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.
“This is a real crisis,” Lara told KABC-TV in Los Angeles.
Indeed, the loss of coverage will hit property owners this summer, the company’s news release said.Beginning July 3, State Farm will non-renew insurance policies for approximately 30,000 homeowners and other property owners.Then, on Aug. 20, the company will non-renew approximately 42,000 commercial apartment insurance policies.All told, those 72,000 non-renewals account for more than 2 percent of the company’s total policies in the state, according to the release.Remarkably, State Farm described its action as “California-specific.”According to Insurance Business , the company in 2023 ranked as […]
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