State Farm office in Downtown Baltimore, MD. While these nonrenewals only account for around 2% of State Farm's business in California, policyholders in some ZIP codes will be more heavily affected than others. Photo: Diego M. Radzinschi/ALM

In March, State Farm General Insurance announced its intention to non-renew an estimated 72,000 policies – 30,000 property insurance and 42,000 commercial apartment policies – in California in order to ensure their long-term stability in the state. Homeowners policyholders who will be affected by the nonrenewals will start being informed on July 3, and commercial apartment policyholders will be notified beginning August 20.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 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.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].