The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.
In 2024, State Farm filed a request with the California Department of Insurance to non-renew more than 61% of policies in three Los Angeles County ZIP codes that have median home values of $1 million, including Pacific Palisades, where 69.4% of the policies were set to be non-renewed.
Strong Santa Ana ... company State Farm “canceled hundreds of homeowners' policies last summer in Pacific Palisades.” On March 20, 2024, State Farm announced it wouldn’t renew 30,000 homeowners’ insurance policies in California, including more ...
State Farm, one of the largest homeowners insurance providers, reportedly canceled hundreds of policies in the Pacific Palisades region of Los Angeles County.
Strong Santa Ana winds and drought ... On March 20, 2024, State Farm announced it wouldn’t renew 30,000 homeowners’ insurance policies in California, including more than 1,000 policies in ...
State Farm Insurance is not the bad guy for canceling policies before the LA fires. If anyone is to blame for that, it's California.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
The deadly wildfires that have devastated the greater Los Angeles region in Southern California ... state facing significant losses. The wildfires, which have been driven by strong Santa Ana ...
Critical fire weather is expected to continue until Wednesday at the earliest, increasing the risk that fires will spread further.
The fires could cost an estimated $135bn to $150bn (£109bn-£121bn) in damage and economic loss, according to private forecaster AccuWeather. It has also emerged that many of the properties destroyed did not have fire insurance following a trend for private insurers to drop policies in areas with the most risk.
As the catastrophic wildfires continue to rage in Southern California, some Los Angeles residents are not waiting around to see if their city survives. Instead, they are packing up and moving across the country to the relative safety of the Northeast.
Dangerous Santa Ana winds are expected to return to the ... You Have Successfully Subscribed To Email Updates. The California State Senate Minority Leader lambasted Gov. Newsom for "lumping ...