(Airdate: 2024-04-08) FOX - KTVU - California Insurance Changes
Channel: Insurance Hour
Date: 2024-04-09

State Farm to drop thousands of California policy holders this year.

California's largest home insurer, State Farm, plans to drop tens of thousands of policyholders later this year because of significant wildfire risk. Those customers will not have their policies renewed once their current contract is up. Many of them live in Contra Costa, Sonoma, Santa Clara and Santa Cruz Counties. KTVU's Alex Savidge and Jana Katsuyama discuss the changes with Karl Susman, insurance expert and broker with Susman Insurance Agency.