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California Won't Let Homeowners Insurance Companies Raise Rates, so They're Leaving the State Instead. Steven Greenhut. March 29, 2024 at 7:30 AM. California Gov. Gavin Newsom | Eric Thayer/UPI ...
Between 2020 and 2022, insurance companies declined to renew more than 2.8 million homeowners policies in California, according to CNN. In recent years, many insurers have scaled back operations ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance.
For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
California’s property insurance rates are set by the state, which has led many property insurers such as State Farm and Allstate to stop accepting new customers or leave the state entirely. With ...
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