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

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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.

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