California wildfires force insurance giant to stop selling home policies

State Farm, the largest car and home insurer in the US, will stop selling new home insurance policies in California due to wildfire risk and inflation of construction costs. The decision is effective from Saturday, but existing customers will not be impacted. The severity of wildfires has destroyed homes, caused injuries and deaths, and worsened air quality, exposing millions to smoke and ash. California has experienced record wildfires in the past six years, and the climate crisis has exacerbated the issue.