‘Crisis’ Declared in California as State Farm Announces 72,000 Policies to Be Cut
From aesthetic beauty to abundant resources, California boasts every natural advantage. Nothing but liberalism could have wrought its destruction.
On Wednesday, State Farm General Insurance Co. announced in a news release that it will not renew insurance policies for approximately 72,000 property owners in the Golden State, prompting California’s insurance commissioner, Ricardo Lara, to sound the alarm.
“This is a real crisis,” Lara told KABC-TV in Los Angeles.
Indeed, the loss of coverage will hit property owners this summer, the company’s news release said.
Beginning July 3, State Farm will non-renew insurance policies for approximately 30,000 homeowners and other property owners.
Then, on Aug. 20,
