S&P says California outmigration could result in state credit downgrade
Posted By Peter Coyne | 2023-08-19 08:52:10
The steady flow of property insurers leaving the California market is resulting in skyrocketing insurance premiums from remaining providers.
- It’s likely driving even more people to leave the state as property becomes even more unaffordable to own and maintain.
- State Farm and Allstate recently announced they would stop accepting new homeowner insurance customers in California.
