Farmers becomes latest carrier to limit new homeowners’ business in California
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Farmers becomes latest carrier to limit new homeowners’ business in California

California wildfire smoke Farmers.jpg

Farmers has announced that it will limit new homeowners’ policies in California, making it the latest carrier to reign in its capacity amid a struggle to remain profitable in the state.

“With record-breaking inflation, severe weather events, and reconstruction costs continuing to climb, we are focused on serving our customers while effectively managing our business,” a Farmers spokesperson told Inside P&C.

“Effective

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article