Over the last several years hundreds of thousands of residents of California have decided to leave the state deciding that that there was no future for them there.
Now State Farm insurance has decided they’re a bad risk too.
America’s biggest home insurance company has announced it will no longer insure houses in California, saying that the risk from wildfires was too great and the cost of rebuilding too high.
State Farm, the nation’s biggest car and home insurer by premium volume, said existing customers would not be affected.
But from Saturday, no new home insurance policies will be issued. The company will continue offering auto insurance.
The shock to me is that they still consider it safe to offer auto insurance, but it is a pretty big state and there are likely more than a few places outside of Oakland, Sacramento, San Francisco and LA where you can insure a car without losing your shirt.
Of course if the state had sane forestry policies as they once did before the left made it their fiefdom this would not be an issue but the voters are bound to get the government they deserve.
Good and hard.
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