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Pacific Palisades, State Farm
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 California wildfires.
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.
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.
20h
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.
20h
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 ...
19h
on MSN
How the devastating Los Angeles fires could deepen California’s home insurance crisis
The massive fires that have destroyed much of Pacific Palisades and demolished thousands of homes and structures in Los ...
1d
on MSN
Why the LA wildfires will worsen California's insurance crisis — even for fire-safe regions
Californians were already fighting to find affordable insurance policies.
15h
on MSN
Valley representatives warn of California’s harsh fire insurance reality
Last year, State Farm said it was cancelling coverage for 72,000 houses and apartments in California. Local representatives said millions of residents whose homes were ...
NBC Los Angeles
2h
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 ...
Grist
1d
California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
LAist on MSN
18h
How will LA's devastating fire losses affect insurance and home costs?
The current fires are on track to become one of the most costly disasters in California history. That could threaten the ...
ConsumerAffairs
1d
First the fire, then the insurance vacuum
First your home burns to the ground, then you remember that the insurance company canceled your policy a few months ...
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