Farmers Insurance announced it would be the latest insurance company to limit its home insurance policies in California. The company is now limited to 7,000 new homeowners insurance policies per month for the entire state.

The announcement comes amid rising home insurance costs, an uncertain regulatory environment and a volatile natural environment. Farmers joins State Farm and Allstate as companies looking to limit their risk exposure.

“With record-breaking inflation, severe weather events, and reconstruction costs continuing to climb, we are focused on serving our customers while effectively managing our business,” a spokesperson for Farmers told ABC10 last week. “Effective July 3, Farmers will limit new homeowners insurance policies in California to a level consistent with the volume we projected to write each month before recent market changes.”