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News@lemmy.worldEnglish · 2 days ago

Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire

www.cbsnews.com

725

Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire

www.cbsnews.com

Track_Shovel@slrpnk.net to

News@lemmy.worldEnglish · 2 days ago

About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

Perhaps the most interesting part of the article:

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prole@lemmy.blahaj.zone
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6 hours ago
Why would they do that rather than just not offering plans in areas where they project they will lose money?
- kent_eh@lemmy.ca
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  3 hours ago
  They’ll run out of places to sell insurance pretty fast if climate change isn’t effectively countered.

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