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State Farm To Exit Home-owner Renewal Insurance policies in California



State Farm plans to cease renewing home and apartment insurance insurance policies in California starting July 3.

The transfer, which is able to have an effect on a complete of 72,000 policyholders, might be carried out on a rolling foundation and have an effect on owners, rental dwelling, residential neighborhood affiliation and enterprise house owners insurance policies, the insurer said in a March 20 statement. On August 20, the withdrawal will begin for industrial condo insurance policies.