The financial security insurance provides is essential to every individual and business in California. (Credit: vepar5/Adoble Stock)
Any number of risks can threaten a family's or business's financial viability, and insurance helps mitigate those risks. Without insurance, an event such as a car accident, storm or fire could wreak havoc on one's finances.
That is why we should pay attention when major insurers withdraw from writing new insurance policies in the California as occurred earlier this summer when State Farm and Allstate, two of the nation's largest insurers, announced they would stop issuing new policies in the state.
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