State Farm halts new non-auto business in California on costs, cats, reinsurance
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State Farm halts new non-auto business in California on costs, cats, reinsurance

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State Farm has suspended all new business in California for business and personal lines P&C insurance effective May 27.

"State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market," the company said.

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