Quote:
Originally Posted by c1pher
I think insurance companies are cutting their losses in certain areas. I know USAA won’t always provide home owners or flood insurance and I read that some insurance companies are pulling out of Florida due to high risk. Could something similar be happening in California? I know California loves its regulations so maybe there are new regulations that these companies don’t want to abide by? I don’t know, just guessing.
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"Rapidly growing catastrophe exposure," including wildfires, earthquakes and landslides, forced State Farm to stop offering home and property insurance in California, further shrinking the availability for homeowners to protect their homes.