Farmers Insurance eliminated the cap on the number of homeowners insurance policies it offers in California, marking a significant step for a state that has been working to stabilize and rebuild its private insurance market for years. The insurance company announced last week that it removed its previous cap of 9,500 new policies per month due to expectations that there will be an improved homeowners insurance market in the state under Commissioner Ricardo Lara's Sustainable Insurance Strategy. Farmers first implemented a cap of 7,000 new home-insurance policies per month in 2023 before raisin...

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