About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...
We need to make it incredibly expensive to build in these kinds of environments,’ one expert told The Independent. ‘If the ...
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...
State Farm has dropped around 1,600 policies in Pacific Palisades, where the Palisades Fire has devastated the area. Homeowners in Pacific Palisades have increasingly relied on the FAIR Plan for fire ...
California’s insurance commissioner won’t allow canceled or nonrenewed policies in and around the fire zones for a year.
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, ...
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration ...
Popular narrative suggests insurance companies have to raise rates due to fire risk. In reality, the companies are doing ...
The current fires are on track to become one of the most costly disasters in California history. That could threaten the ...
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 ...