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Another major insurer is pulling back on its offerings in California, forcing tens of thousands of customers to find other options.
SafeCo, a subsidiary of California’s fourth-largest home insurer, Liberty Mutual, has announced that it will stop offering policies for new rental and condo customers on January 1, 2025. Existing customers will be able to keep their current policies until 2026.
A spokesperson said that Liberty Mutual will still maintain a presence in the state, although it plans to streamline its services.
Safeco has roughly 88,000 active condominium and renters policies in California, the San Francisco Business Times reported.
“We are simplifying and focusing our product investments, targeting core lines of business while reducing our menu of product offerings,” a spokesperson for Liberty Mutual said, according to the Times. […]
— Read More: ktla.com
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