About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
We need to make it incredibly expensive to build in these kinds of environments,’ one expert told The Independent. ‘If the ...
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
Popular narrative suggests insurance companies have to raise rates due to fire risk. In reality, the companies are doing ...
The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the ...
The Palisades fire is the worst in Los Angeles city history. Some utility and insurance stocks are starting to react.
In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or ...
Analysts estimate the insured losses in Pacific Palisades alone could approach $10 billion, squeezing insurance companies at a time when some have been pulling back policies.
Major airlines including Southwest, United and Delta are warning that wildfires and high winds could affect flights to ...
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 ...