State Farm Issues Ultimatum to California: Raise Insurance Rates or We Leave [VIDEO]
State Farm has issued an ultimatum to California, demanding significant increases in home insurance rates or threatening to exit the state. This move follows a trend of major insurers limiting or ceasing operations in California due to escalating wildfire risks and rising rebuild costs. The situation places immense pressure on state officials to find sustainable solutions and safeguard the insurance market for millions of consumers.
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