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State Farm, other insurers slammed for dropping coverage
Why Did State Farm Cancel Fire Insurance Policies In Pacific Palisades In 2024?
State Farm canceled hundreds of fire insurance policies in Pacific Palisades in 2024 to avoid financial failure. Now, with over 4,000 acres and 1,000 structures affected, the California wildfires are among the largest in U.
Yes, State Farm ended insurance coverage for many in the Pacific Palisades in 2024
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
CA wildfire backlash: State Farm, other insurers slammed for dropping coverage
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.
2h
on MSN
Before the Palisades Fire, many of those homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
1d
on MSN
State Farm canceled California homeowners’ insurance policies months before wildfires
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid ...
12h
on MSN
California's Largest Insurer Speaks Out About Wildfires
State Farm, which canceled hundreds of policies in Pacific Palisades last summer, is encouraging customers affected by the fires to file damage claims.
2d
Pacific Palisades
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
The New Yorker
5h
The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
5h
on MSN
California fires put Los Angeles and outlying areas on high alert: What to know
Los Angeles is reeling from the most destructive wildfires in its history, and firefighters are struggling to contain the ...
10h
on MSN
Victims of the Pacific Palisades fire face another harsh reality: No insurance to rebuild
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...
11h
on MSN
How Los Angeles wildfires could affect California's home insurance market
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
1h
Wildfires cause path of destruction through California
Fox News chief correspondent Jonathan Hunt has the latest on the aftermath of the raging flames on 'Special Report.' ...
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