California Homeowners Left Vulnerable With Major Insurer Announcement
State Farm, one of the largest insurance providers, is no longer accepting new homeowner insurance applications in California. The insurance giant points to the alarming effects of “climate change” and skyrocketing construction costs plaguing the state. California, known for its devastating wildfires, is now facing another crisis as State Farm withdraws coverage. The California Department of Insurance attributes this decision to the uncontrollable impact of climate change and the resulting burden on the insurance industry. But will California be left defenseless against future wildfires?
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