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 ...
At least 10 people have died and more than 100,000 people have been evacuated in Los Angeles due to multiple wildfires engulfing the city, and California’s unenviable insurance climate is rearing its head amid the disaster.
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.
Firefighters are working around the clock to contain the Palisades Fire and Eaton Fire. Thousands of people were forced to evacuate when the blazes ignited and destroyed more than 12,000 structures. Here are the latest updates.
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
The Los Angeles County coroner's office said eight of the 24 recorded deaths were attributed to the Palisades fire and 16 were from the Eaton fire.
Critical fire weather is expected to continue until Wednesday at the earliest, increasing the risk that fires will spread further.
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.