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The Guardian - US
The Guardian - US
World
Gloria Oladipo

Insurance giant halts sale of new home policies in California due to wildfires

California Insurance State Farm Inflation
a house on fire
California saw 7,490 wildfires in 2022, an increase from the previous year. Photograph: David McNew/Getty Images

The insurance giant State Farm, America’s biggest car and home insurer by premium volume, will halt the sale of new home insurance policies in California, citing wildfire risk and inflation of construction costs.

Starting on Saturday, the company will not accept insurance applications for business and personal lines property and casualty insurance. The company will still accept auto insurance applicants.

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