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<\/p>\nBloomington, IL…State Farm General Insurance Company\u00ae, State Farm\u2019s provider of homeowners insurance in California, will cease accepting new applications including all business and personal lines property and casualty insurance, effective May 27, 2023. This decision does not impact personal auto insurance. State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market.<\/p>\n
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We take seriously our responsibility to manage risk. We recognize the Governor\u2019s administration, legislators, and the California Department of Insurance (CDI) for their wildfire loss mitigation efforts. We pledge to work constructively with the CDI and policymakers to help build market capacity in California. However, it\u2019s necessary to take these actions now to improve the company\u2019s financial strength. We will continue to evaluate our approach based on changing market conditions. State Farm\u00ae independent contractor agents licensed and authorized in California will continue to serve existing customers for these products and new customers for products not impacted by this decision.<\/p>\n
For 100 years, the mission of State Farm has been\u00a0and continues to be to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.\u00a0State Farm and its affiliates are the largest providers of\u00a0auto<\/a>\u00a0and\u00a0home<\/a>\u00a0insurance in the United States.\u00a0Its more than 19,400 agents and\u00a0approximately 61,764 employees serve\u00a0over\u00a091 million policies and accounts \u2013 which includes auto, fire,\u00a0life<\/a>,\u00a0health<\/a>, commercial policies and\u00a0financial services<\/a>\u00a0accounts.\u00a0Commercial auto insurance<\/a>,\u00a0along with coverage for\u00a0renters<\/a>,\u00a0business owners<\/a>,\u00a0boats<\/a>\u00a0and\u00a0motorcycles<\/a>, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 42 on the 2022 Fortune 500 list of largest companies. For more information, please visit\u00a0http:\/\/www.statefarm.com<\/a>. \u200b<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bloomington, IL…State Farm General Insurance Company\u00ae, State Farm\u2019s provider of homeowners insurance in California, will cease accepting new applications including all business and personal lines property and casualty insurance, effective May 27, 2023. This decision does not impact personal auto insurance. State Farm General Insurance Company made this decision due to historic increases in construction […]<\/p>\n","protected":false},"author":1,"featured_media":160964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,1],"tags":[],"class_list":["post-160963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/05\/download.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/160963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=160963"}],"version-history":[{"count":3,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/160963\/revisions"}],"predecessor-version":[{"id":160967,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/160963\/revisions\/160967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/160964"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=160963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=160963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=160963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}