Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners’ insurance applications in California, the insurance giant announced Friday.
Source: Inman News
State Farm exits California homeowners’ insurance market
Published in Agent, california, homeowners insurance, Markets & Economy, natural disaster insurance, natural disaster risk, State Farm, Troy Palmquist and wildfires
More from AgentMore posts in Agent »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from californiaMore posts in california »
More from homeowners insuranceMore posts in homeowners insurance »
- Uber driver charged in blaze that erupted into the Palisades Fire
- Homeowners are cracking under the pressure of increased costs
- How politics and policy are fueling the housing crisis in 2025
- More than one-quarter of US homes are exposed to severe climate risk
- History proves it: Low interest rates are not a cure-all for real estate ills
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from natural disaster insuranceMore posts in natural disaster insurance »
More from natural disaster riskMore posts in natural disaster risk »
More from State FarmMore posts in State Farm »
- Fire country: A growing threat to homes, lives, real estate careers
- California investigates State Farm’s wildfire insurance handling
- Climate change reshapes real estate, putting $1.5T in value at risk
- State Farm seeks double-digit rate hike in California in wake of LA fires
- LA agents implore government to pause ULA Tax in wake of wildfires
More from Troy PalmquistMore posts in Troy Palmquist »
- Future-proof your digital footprint for 2026 (and beyond)
- Through the bathroom door: What 3D tours reveal about buyers today
- What Tom Ferry’s latest poll reveals about the future-focused agent
- What the World Series can teach agents about consistency, coaching and closing
- Compass provides long-awaited clarity on the Anywhere merger
More from wildfiresMore posts in wildfires »
- Uber driver charged in blaze that erupted into the Palisades Fire
- More than one-quarter of US homes are exposed to severe climate risk
- Fire country: A growing threat to homes, lives, real estate careers
- Developers are lining up to buy in on Altadena’s burned out lots
- KB Home to build first wildfire-resistant community in SoCal
Be First to Comment