What A Major Insurance Company Pulling Out of California Means
All State’s abandoning California rather than complying with its unfriendly business climate could signify a shift in the economy
By News on the Net -- TECH BISINESS DAILY—— Bio and Archives--May 28, 2023
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State Farm Insurance Company announced that it will no longer serve new customers in California for business and personal home coverage, CNBC reports. State Farm cited the rising home costs and the uncontrolled wildfires
as the culprits for its withdrawal from the state. California remains the most populated and richest state in the nation and would rank 5th largest GDP worldwide if it were an independent nation. ---More...
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