State Farm halts new non-auto business in California on costs, cats, reinsurance
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State Farm halts new non-auto business in California on costs, cats, reinsurance

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State Farm has suspended all new business in business and personal lines property and casualty insurance effective May 27.

"State Farm General Insurance Company made this decision due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market," the company said.

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