Another California crisis that can be solved with state officials getting out of the way
The muddle became even messier when State Farm announced in March that beginning on July 3, the company would, on a "rolling basis," decline to renew "approximately 30,000 homeowners, rental dwelling, and other property insurance policies. Those able to keep their State Farm policies were hit with 20 percent rate increases. The company has policyholders in all 50…
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