US EditionCalifornia insurer canceled policies months before Los Angeles wildfires
- The Pacific Palisades fire in Los Angeles has become the biggest wildfire, burning nearly 27 square miles and destroying over 1,000 buildings, with at least five fatalities reported.
- State Farm canceled hundreds of homeowners' policies in Pacific Palisades to avoid 'financial failure' due to increasing wildfire risks, affecting about 1,600 insured homes.
- The California Fair Plan has seen a 200% increase in policies from 2020 to 2024, reaching 452,000 policies as traditional insurers withdraw from high-risk areas.
- California's Insurance Commissioner criticized the lack of timely new policies, stating that Californians deserve a reliable insurance market that does not retreat from vulnerable communities.
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60 Articles
What do property insurances have in common? Play their own game and shield their business. In the midst of the Los Angeles forest fires, the deadliest in recent years that add up to incalculable destruction, the insurers are again at the point of discussion (as we mentioned a few months ago in this same bulletin after the devastation of hurricanes in Florida and North Carolina).One of California’s top insurers cancelled thousands of policies bef…
Los Angeles Times
2urbangirls.comCalifornia lawmakers to consider expediting insurance claims after L.A. fires
After devastating fires in Los Angeles County, California lawmakers will consider changes to the state's troubled insurance marketplace.
ThePatriotLight - THEY KNEW? Insurance Companies Canceled Hundreds of Policies Just Months Before Deadly Fires Wiped Out Everything
ThePatriotLight - I’m not here to say this is a massive conspiracy, or that the insurance companies knew and were in on it and it was all planned in advance. I’m not saying that. I’m simply reporting the facts that hundreds, if not thousands, of homeowners were suddenly and abruptly canceled by their insurance providers for homeowner’s insurance in California, in the EXACT areas that were burned to the ground by the fires. Absolutely tragic and …
State Farm cancelled 72,000 California homeowners' insurance policies in 2024
PEORIA, Ill. (WMBD) -- State Farm is being accused of canceling thousands of fire insurance policies in California right before the massive wildfires. More than 9,000 homes and businesses have been destroyed as wildfires continue to ravage parts of Los Angeles County, according to Los Angeles Fire Chief Kristen Crowley. Meanwhile, social media is ablaze with accusations State Farm abandoned its California customers just before the wildfires, wit…
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