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Best’s News & Research Service subscription required - May 30, 2023 03:37 PM (EDT)

APCIA: Prop 103 Contributes to State Farm’s California Property Insurance Freeze

State Farm General Insurance Co.’s decision to halt writing new property coverage in California due to the threat of wildfires was driven at least in part by the state’s “outdated” insurance . . .

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California Proposition 103 (1988) California Commercial Lines Fires Property And Casualty Insurance Homeowners Policies Climate Property And Casualty Insurers

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