Insurance Flight...
Insurance Companies are pulling out
of California. How Come...?
Is it:
The Wildfires ?
The Crime ?
The Immigrants ?
Overpriced Homes ?
Click the image
and think long term...
State Farm: This company announced that it would cut 72,000 home and apartment policies in California due to inflation, regulatory costs, and increasing risks from catastrophes.
Allstate: This company has paused new policies in California.
Farmers: This company has paused new policies in California.
AmGUARD: This company stopped writing new home insurance policies in California.
Falls Lake: This company stopped writing new home insurance policies in California.
The Hartford: This company stopped writing new home insurance policies in California.
American National: This company stopped writing new home insurance policies in California.
Merastar Insurance: This company will no longer renew preferred home and auto insurance policies in California.
Unitrin Auto and Home Insurance: This company will no longer renew preferred home and auto insurance policies in California.
Unitrin Direct Property and Casualty: This company will no longer renew preferred home and auto insurance policies in California.
Kemper Independence Insurance: This company will no longer renew preferred home and auto insurance policies in California.
Many insurance companies have been leaving California in recent years, including:
Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. These subsidiaries of Tokio Marine Holdings Inc. stopped offering homeowners and personal umbrella insurance in California. They cited their technology as the reason for their withdrawal.
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