The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.
In 2024, State Farm filed a request with the California Department of Insurance to non-renew more than 61% of policies in three Los Angeles County ZIP codes that have median home values of $1 million, including Pacific Palisades, where 69.4% of the policies were set to be non-renewed.
Strong Santa Ana ... company State Farm “canceled hundreds of homeowners' policies last summer in Pacific Palisades.” On March 20, 2024, State Farm announced it wouldn’t renew 30,000 homeowners’ insurance policies in California, including more ...
State Farm, one of the largest homeowners insurance providers, reportedly canceled hundreds of policies in the Pacific Palisades region of Los Angeles County.
Strong Santa Ana winds and drought ... On March 20, 2024, State Farm announced it wouldn’t renew 30,000 homeowners’ insurance policies in California, including more than 1,000 policies in ...