One of the largest insurance agencies in the country will no longer accept applications for home and business insurance in California due to wildfire risks and the cost of rebuilding. State Farm has ceased new applications, including all business and personal lines property and casualty insurance, starting Saturday, the company announced in a press release. PHOTO: The headquarters for State Farm Insurance is shown in Bloomington, Illinois. The warm, dry climate that serves as fuel for wildfires is typical for much of the West, but hotter overall temperatures on Earth are increasing wildfire risk in the region. State Farm will no longer accept applications for homeowners insurance in California, citing wildfire risk originally appeared on abcnews.go.com

Source: ABC News May 28, 2023 23:19 UTC