The decision to drop these policies was made due to the continued impact of inflation, increasing catastrophe exposure and a challenging reinsurance market as reasons it made the decision, according to the company. Credit: jdoms/Adobe Stock The decision to drop these policies was made due to the continued impact of inflation, increasing catastrophe exposure and a challenging reinsurance market, according to the company. Credit: jdoms/Adobe Stock

State Farm General Insurance Co. will not be renewing some 30,000 California homeowners, rental dwellings and other residential community associations and business owners property policies. The company reported it is also pulling its commercial apartment line from the state and will not be renewing around 42,000 of those policies.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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