Some 7,000 homeowners in San Diego dropped by latest insurer to pull out of California

Roughly 7,000 homeowners in San Diego County are soon going to have to find another insurance company. SAN DIEGO, Calif. — Roughly 7,000 homeowners in San Diego County are soon going to have to find another insurance company. American National confirmed it’s pulling out of the California home insurance business citing severe weather events in recent years and a lack of profitability as reasons behind the exit. “Inflationary pressures have also increased the cost of claims payments, which has compounded the lack of profitability,” said American National spokesman Scott Campbell. Campbell confirmed of the 36,475 homeowner policies the company has in California, roughly 7,000 are in San Diego County. The company joins a growing list of insurers who are leaving the Golden State. Two weeks ago, State Farm, a major insurer, announced it wouldn’t renew 72,000 policies. “It’s difficult enough today and it’s only getting more difficult from here,” said Karl Susman, an insurance broker, who’s been sounding the alarm about companies leaving the state. Susman is advising anyone who’s gotten a non-renewal notice to start shopping for a new provider right away. “The market