State Farm Halts Home-Insurance Sales in California

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State Farm Halts Home-Insurance Sales in California
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State Farm is stopping the sale of new home-insurance policies in California effective Saturday, because of wildfire risk and rapid inflation in construction costs

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.Insurers have faced higher costs and wildfire risksWorried about wildfire exposure and frustrated by state regulations, insurers in California have cut back on their homeowner businesses.

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