Wrong. They had already stopped writing new auto policies in California over a year ago. My daughter is an agent in California and the only way she could write new policies was to get licensed in Oregon and Nevada. This wasn't last week.Oh look, you'r just making things up.
State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” The decision did not impact personal auto insurance.
California insurance market rattled by withdrawal of major companies
Two insurance industry giants have stepped back from the California marketplace. They say that wildfire risk and soaring construction costs have prompted them to stop writing new policies. State Farm announced last week it would stop accepting applications for all business and personal lines of...apnews.com
Sometimes you have to look past your nose to get the facts.