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.
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.”
California lawmakers advanced more than a dozen bills aiming to address the fentanyl crisis, including some that would impose harsher prison sentences for dealers, ahead of a critical deadline this week.
Liz Lozano has been incarcerated since 1995. Having spent over 20 years at the Central California Women’s Facility, the largest women’s prison in the world, she’s a big believer in the importance of mental health for rehabilitation. She also knows what works for her.