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State Farm to discontinue 72,000 California dwelling insurance policies

State Farm to discontinue 72,000 California home policies due to “financial health”

by Muna Sadek

A home in the process of being rebuilt in Paradise, CA (KRCR){p}{/p}


Some State Farm customers will have to look elsewhere for insurance, after the state’s biggest insurer announced it would be discontinuing 72,000 policies this year.

According to the announcement this week, 30,000 homeowner policies will not be renewed. They will also be withdrawing from offering commercial apartment policies for apartment owners with the non-renewal of 42,000 policies. Renters insurance will not be impacted.

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