2025-01-09 02:17:12
State Farm made the decision to withdraw insurance policies from zones in California due to increased risk factors. They tried to raise premiums as mitigation and were denied by the State Government. In response to this, State Farm chose to cancel policies. [Link] CURRENTLY_RATED_HELPFUL(42-0-8) Author
2025-01-09 02:39:32
California lawmakers have imposed price controls on insurance companies in the state. This makes it impossible for insurers to price coverage accurately. The result is, insurance companies are leaving the state. [Link] CURRENTLY_RATED_HELPFUL(89-0-16) Author
2025-01-09 05:16:08
The OP hasn’t said anything that needs more context. No matter the reason why, the policies were canceled. CURRENTLY_RATED_NOT_HELPFUL(4-0-9) Author
2025-01-09 16:36:24
CN’s mentioning government caps maybe valid but they miss Rob’s point. If current “valid” policies were cancelled just before the fires then #StateFarm & any other insurance companies should still be liable for those valid policies & any payouts as they have the safety risk data! NEEDS_MORE_RATINGS(3-3-5) Author