Allstate stops accepting new property insurance applications in California
California homeowners will no longer be in the “good hands” of Allstate.
Almost a week after State Farm, California’s largest property insurer, announced that the company would stop accepting insurance applications for all business and personal property in California, another company is making headlines for a similar decision.
Allstate told California’s Department of Insurance that it would stop selling new homeowner insurance to those in the Golden State last year, though the news didn’t seem to make waves until recently.
KTLA's Rick chambers reports on June 2, 2023.
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