The financial security insurance provides is essential to every individual and business in California. (Credit: vepar5/Adoble Stock) The financial security insurance provides is essential to every individual and business in California. (Credit: vepar5/Adoble Stock)

Any number of risks can threaten a family’s or business’s financial viability, and insurance helps mitigate those risks. Without insurance, an event such as a car accident, storm or fire could wreak havoc on one’s finances.

That is why we should pay attention when major insurers withdraw from writing new insurance policies in the California as occurred earlier this summer when State Farm and Allstate, two of the nation’s largest insurers, announced they would stop issuing new policies in the state.


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.