Farmers Insurance will Limit New Policies in CA
Another Major Insurance provider has annouced they are changing how they plan to write new Home Owner Policies in California ...Farmers Insurance says they will limit the number of new policies moving forward amid rising costs, an uncertain regulatory environment and a volatile natural environment. This change comes just a little over a month after State Farm announced it would no longer offer new homeowners insurance policies, and Allstate stopped offering new home insurance back in November. Soources report Farmers is now limited to 7,000 new homeowners insurance policies per month in all of California, as the company tries to limit its risk exposure.