What A Major Insurance Company Pulling Out of California Means

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...