Farmers Insurance lays off 2,400 workers as insurers pull back from California

A car drives through flooding during Tropical Storm Hilary in Lincoln Park on Aug. 20. Insurance providers have pointed to a rising risk of extreme weather events as they’ve reevaluated their business in California. (Dania Maxwell / Los Angeles Times)

Farmers Insurance, one of the nation’s largest property and casualty insurers, is laying off 2,400 workers, representing 11% of its total workforce.

The Los Angeles-based company cited a need to reduce operational costs and focus on “long-term…

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