California property owners can expect insurance rates to continue to swell. (jorgenmac100/Adobe Stock) California property owners can expect insurance rates to continue to swell. (jorgenmac100/Adobe Stock)

The financial prognosis for homeowners and businesses in California turned dour recently as top carriers State Farm and Allstate released statements saying they are no longer issuing new property insurance policies in the Golden State.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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