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 ...
Los Angeles is reeling from the most destructive wildfires in its history, and firefighters are struggling to contain the ...
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
Read More: The Conditions That Led To the Unprecedented Los Angeles Fires.
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.
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