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California Sees Two More Property Insurers Withdraw From Market

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California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July.

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State Farm discontinuing 72,000 home insurance policies in California in latest blow to state marketSACRAMENTO, Calif. (AP) — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said ...
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