PBS News Hour

Major insurance providers pull coverage in California

For years, State Farm has been the largest provider of homeowners insurance in California. But the company recently announced it will no longer sell new homeowners policies in the state, a move it said was driven by the high cost of construction and the growing risks from catastrophes like wildfires. William Brangham discussed what it means for homeowners and businesses with Michael Wara.

Major insurance providers pull coverage in California

6m 56s

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