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State Farm, Pacific Palisades
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.
State Farm cancelled 72,000 California homeowners' insurance policies in 2024
With Southern California ablaze, the lack of water leaves many wondering, why not use ocean water to combat fires? In the first test of how receptive the court may be to Trump, 4 of the court's 6 conservative members said they would have granted his emergency request.
California's top insurer cancelled hundreds of policies months ahead of Los Angeles wildfire: Report
State Farm canceled hundreds of homeowners' policies last summer in the Pacific Palisades area, now affected by severe wildfires. Many insurers defended the move due to rising wildfire risks and regulations limiting premium increases.
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.
Grist
5h
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.
6h
on MSN
Insurance commissioner issues moratorium on home policy cancellations in fire zones
Insurance Commissioner Ricardo Lara has issued a one-year moratorium on home policy non-renewals and cancellations in the ...
Hosted on MSN
1d
Why did State Farm insurance cancel homeowners policies before LA wildfires? List of impacted areas explored
State Farm, one of California's largest insurance providers, revoked hundreds of homeowners' policies in California, ...
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, ...
1d
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.
2d
Wildfires Intensify Pivotal Moment for Insurance Industry
With over 13,000 homes at risk, the losses from the Los Angeles wildfires could approach $10 billion, according to ...
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 ...
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