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State Farm Won’t Renew Coverage , for 72,000 Homeowners in California.<br/>The news comes nine months after the insurance giant announced that it wouldn't issue any new home policies in California.<br/>The news comes nine months after the insurance giant announced that it wouldn't issue any new home policies in California.<br/>State Farm cited rising costs, the heightened risk of wildfires and certain regulations as reasons for not renewing the 72,000 policies, CBS News reports..<br/>State Farm cited rising costs, the heightened risk of wildfires and certain regulations as reasons for not renewing the 72,000 policies, CBS News reports..<br/>This decision was not made lightly <br/>and only after careful analysis of <br/>State Farm General's financial health... , State Farm, via statement.<br/>... which continues to be impacted <br/>by inflation, catastrophe exposure, <br/>reinsurance costs, and the limitations <br/>of working within decades-old <br/>insurance regulations, State Farm, via statement.<br/>State Farm General takes seriously our <br/>responsibility to maintain adequate <br/>claims-paying capacity for our <br/>customers and to comply with <br/>applicable financial solvency laws, State Farm, via statement.<br/>It is necessary to take <br/>these actions now, State Farm, via statement.<br/>However, both the insurance company and <br/>the California Department of Insurance <br/>will have to answer to regulators.<br/>One of our roles as the insurance <br/>regulator is to hold insurance <br/>companies accountable for <br/>their words and deeds, Michael Soller, Deputy Commissioner of the <br/>Communications and Press Relations Branch, via CBS News.<br/>We need to be confident in <br/>State Farm's strategy moving <br/>forward to live up to its obligations <br/>to its California customers, Michael Soller, Deputy Commissioner of the <br/>Communications and Press Relations Branch, via CBS News.<br/>State Farm did not disclose the locations of the discontinued policies or the criteria it used for determining which policies wouldn't be renewed.<br/>It is not yet clear if an <br/>investigation will be launched
⏲ 1:30 👁 320K
Five Minute Finance
⏲ 10 minutes 15 seconds 👁 4.8K
beingbougie
⏲ 6 minutes 19 seconds 👁 14K
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Business Snap
⏲ 8 minutes 6 seconds 👁 11K
MoneyCoach
⏲ 3 minutes 31 seconds 👁 99.2K
This video captures the beauty of playing football in the heart of nature, as it provides valuable tips and insights to improve your performance in the game.With stunning landscapes as a backdrop, viewers are immersed in an exciting and inspiring experience, while learning strategies and techniques that help you level up your game.It's the perfect blend of entertainment and education for football fans at all levels.
⏲ 1:0 ✓ 29-Mar-2024
Michael Frontera
⏲ 9 minutes 58 seconds 👁 22.4K
HealthBenefits, LLC
⏲ 1 minute 51 seconds 👁 35
In the midst of a global pandemic with the presidential election just months away, the Justice Department asked the Supreme Court to invalidate the Affordable Care Act, the landmark health care law that enabled millions of Americans to get insurance coverage and that remains in effect
⏲ 6:24 ✓ 25-Mar-2024
Medicare 365
⏲ 8 minutes 10 seconds 👁 11.1K
Dr. Glaucomflecken
⏲ 1 minute 27 seconds 👁 336.2K
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