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https://www.wsj.com/articles/state-farm-halts-home-insurance-sales-in-california-5748c771

State Farm Halts Home-Insurance Sales in California

Insurers have faced higher costs and wildfire risks

By Leslie Scism
Worried about wildfire exposure and frustrated by state regulations, insurers in California have cut back on their homeowner businesses. Photo: Ethan Swope/Associated Press

State Farm is stopping the sale of new home-insurance policies in California effective Saturday, because of wildfire risk and rapid inflation in construction costs.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.