Farmers Direct Is Latest Insurer To Leave California Market

The Farmers subsidiary has begun to send non-renewal notices in California, adding to the growing list of insurers exiting the market.

A toy car with an umbrella over it, indicating car insurance.
(Image credit: Getty Images)

Farmers Direct Property and Casualty Insurance, a subsidiary of Farmers Insurance, is the latest insurer to stop offering insurance in California.

Farmers Direct, which provides home, renters and auto policies, recently filed a notice with the California Department of Insurance to withdraw operations in the state, according to a November 7 San Francisco Chronicle report. The company will continue service for existing policies but has begun to send nonrenewal notices, the Chronicle reported. 

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.