Is Your Home Insurance at Risk? State Farm Will Stop Renewing Policies in a Key U.S. State
The American insurance company, State Farm, has announced developments that affect a large portion of its insured following an analysis of the company’s financial health that necessitates drastic measures to ensure its existence. While factors such as inflation, reinsurance costs, exposure to catastrophes, and constraints within decades-old insurance regulations have eroded the company’s financial development,