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State Farm Won’t Renew Coverage , for 72,000 Homeowners in California.<br/>The news comes nine months after the insurance giant announced that it wouldn't issue any new home policies in California.<br/>The news comes nine months after the insurance giant announced that it wouldn't issue any new home policies in California.<br/>State Farm cited rising costs, the heightened risk of wildfires and certain regulations as reasons for not renewing the 72,000 policies, CBS News reports..<br/>State Farm cited rising costs, the heightened risk of wildfires and certain regulations as reasons for not renewing the 72,000 policies, CBS News reports..<br/>This decision was not made lightly <br/>and only after careful analysis of <br/>State Farm General's financial health... , State Farm, via statement.<br/>... which continues to be impacted <br/>by inflation, catastrophe exposure, <br/>reinsurance costs, and the limitations <br/>of working within decades-old <br/>insurance regulations, State Farm, via statement.<br/>State Farm General takes seriously our <br/>responsibility to maintain adequate <br/>claims-paying capacity for our <br/>customers and to comply with <br/>applicable financial solvency laws, State Farm, via statement.<br/>It is necessary to take <br/>these actions now, State Farm, via statement.<br/>However, both the insurance company and <br/>the California Department of Insurance <br/>will have to answer to regulators.<br/>One of our roles as the insurance <br/>regulator is to hold insurance <br/>companies accountable for <br/>their words and deeds, Michael Soller, Deputy Commissioner of the <br/>Communications and Press Relations Branch, via CBS News.<br/>We need to be confident in <br/>State Farm's strategy moving <br/>forward to live up to its obligations <br/>to its California customers, Michael Soller, Deputy Commissioner of the <br/>Communications and Press Relations Branch, via CBS News.<br/>State Farm did not disclose the locations of the discontinued policies or the criteria it used for determining which policies wouldn't be renewed.<br/>It is not yet clear if an <br/>investigation will be launched

State Farm Won’t Renew Coverage for 72,000 Homeowners in California

⏲ 1:30 👁 320K

Five Minute Finance

How to Choose a Health Insurance Plan

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beingbougie

How Much Does A Health Insurance Agent Make|beingbougie

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Pressure of Achievement: Challenges of Success and Excellence

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Business Snap

Best Health Insurance Companies of 2023 🇺🇸 | [TOP 5] Affordable Health Insurance US

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Health Insurance 101: The Basics (Health Insurance 1 3)

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This video captures the beauty of playing football in the heart of nature, as it provides valuable tips and insights to improve your performance in the game.With stunning landscapes as a backdrop, viewers are immersed in an exciting and inspiring experience, while learning strategies and techniques that help you level up your game.It's the perfect blend of entertainment and education for football fans at all levels.

⏲ 1:0 ✓ 29-Mar-2024

Michael Frontera

Retiring Before Age 65? Get a Larger Affordable Care Act Healthcare Subsidy!

⏲ 9 minutes 58 seconds 👁 22.4K

HealthBenefits, LLC

How The \"Affordable\" Health Insurance Marketplace Works (Are You Eligible?)

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In the midst of a global pandemic with the presidential election just months away, the Justice Department asked the Supreme Court to invalidate the Affordable Care Act, the landmark health care law that enabled millions of Americans to get insurance coverage and that remains in effect

Trump administration asks Supreme Court to invalidate Obamacare

⏲ 6:24 ✓ 25-Mar-2024

Medicare 365

United Healthcare Medicare | What to Know before you buy it.

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Dr. Glaucomflecken

How US Health Insurance Works

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