Insurance giant State Farm is no longer accepting new applications for business or personal property coverage in California. “We take seriously our responsibility to manage risk,” the company said in a statement posted to its website Friday.
A new California law that took effect this year may be the most important political reform the state has enacted in a half century. No wonder special interests and the politicians they help elect are trying to kill it.
A cursory examination of history reveals that the United States is mired in the same process that precipitated the collapse of the great empires of the past. The foibles and failures of human nature and their impact on the rise and fall of empires is amazingly consistent and the end result always inevitable. Can this nation avoid a similar fate?
State Farm will no longer provide home insurance to new California customers, the company announced on Friday, citing “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.”
FBI, CBP, Census, Federal Reserve and CDC figures for 2025 show lower murder and violent crime rates, fewer Southwest border apprehensions, lower official poverty and record median household income.