By Staff Reporters, KCBS-AM – San Francisco, CA
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Jamie Court Weighs In On The Crisis
Department of Insurance Spokesman Michael Soller Responds
State Farm did not do what proposition 103 requireS; they did not get the commissioner's permission, did not open its books and show the public why it needed withdraw new insurance policies.
State farm insurance hitting the pause button company says it will stop issuing new policies for homes and properties in California because of the high risk it faces state farm specifically cited the wildfire risk and high rebuilding cost critics say they are not so sure.
