More insurance companies leaving California [Yahoo! Finance]
TOKIO MARINE HLDGS S/ADR (TKOMY)
NASDAQ:AMEX Investor Relations:
tokiomarinehd.com/en/ir
Company Research
Source: Yahoo! Finance
The two latest companies - Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. - filed notices to California's Department of Insurance saying they would stop offering homeowners insurance and umbrella policies in the Golden State, FOX Business reports. Non-renewal notices to more than 12,500 customers affected will start being mailed out in July. The companies did not give a reason why they would be ceasing policies in California. SUGGESTED: California loses 2 more property insurers in growing crisis Tokio Marine and Trans Pacific join State Farm and Allstate in discontinuing coverage for California residents. Earlier this month, State Farm announced it would be dropping thousands of California policies beginning this summer, nearly a year after announcing it would no longer accept homeowner insurance applications in the Golden State. This affects about 30,000 homeowner, rental and other property insurance policies beginning July 3 and approximately 42,000 comm
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News
- Tokio Marine (TKOMY) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
- Tokio Marine Holdings: Poised To Benefit From Emerging Markets [Seeking Alpha]Seeking Alpha
- Sacramento fire agencies prepare for wildfire season as more insurance companies leave California [CBS News]CBS News
- California exodus of home insurance companies continues [Yahoo! Finance]Yahoo! Finance
- California exodus of home insurance companies continues [Los Angeles Times (CA)]Los Angeles Times