Farmers Insurance Maintains Planned Capacity for 2023, Rejects New Policies Amidst State Farm and Allstate Changes in California
Farmers Insurance, California’s second-largest insurer, announced that it will not be accepting any more new business beyond its previously planned capacity for 2023. This decision comes as State Farm and Allstate, two major insurers, have halted the writing of new policies in the state Farmers Insurance stated that it is actively working with the California…