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State Farm projects dropping 1 million policies in California over next five years

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An unmitigated home burns out of control while a wildfire prepared home remains unscathed during a demonstration in conjunction with researchers from the Insurance Institute for Business & Home Safety (IBHS), Marin Wildfire and Fire Safe Marin during the third annual Ember Stomp at the Marin County Civic Center in San Rafael, Calif., on Saturday, Sept. 7, 2024. The unmitigated home collapsed to the ground in about 30 minutes after firefighters used drip torches to catch wood mulch surrounding the buildings on fire. (Jose Carlos Fajardo/Bay Area News Group)

Facing financial peril, the insurance giant could see its total policy count decline from 3.1 million to around 2 million.


Originally published at Kate Talerico, Ethan Varian
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