FOX - LA, CA: StateFarm Broke the Law With Their Decision to Stop Serving New Homeowners Policies

Harvey Rosenfield says that if State Farm is allowed to get away with it and the insurance commissioner does not enforce the law, other companies will follow suit very quickly, and we'll have a serious consequence in the market.

[maxgivan]

They did the same thing in FL then later cancelled existing policy holders. They cherry pick. I had them for 30 years and no claims but did not matter.

[jpsfudimo]

State Farm should be able to sell their product to whom they want to and where they want to. You folks in California love to be governed so much let your state government insure you.

[lorriebrundige]

This is not the first time insurance companies have tried to pull out of CA before...but didn't...🤔

I wonder how this happened..

[gngd]

Insurances too expensive bullshit, I hate insurance.

[alwashburn]

Insurance companies will leave. There will be no insurance...

[johnnyschmidt]

Insurance companies don't give a sh*t about anyone but selfish company

[henripan]

very simple, government should fill in the void and start selling insurance. Why not, there are already government run employment insurance, health and disability insurance. Why not put pressure on existing businesses and throw in a government run entity.

[lisarobbinslauve]

🤢🤢🤢🤢state farm sucks I'd never use there insurance