State Farm has stopped accepting homeowner insurance applications in California

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Firefighters hose down a burning house during the Tick Fire in Agua Dulce near Santa Clarita, Calif., in October 2019.

The announcement is the latest development in what has been a years-long issue in California: insurance companies dropping homeowners because of the growing risk of wildfires.

(Image credit: Mark Ralston/AFP via Getty Images)

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