Thousands of Los Angeles homeowners were dropped by their ... - CBS News
5 days ago · About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch.
California Insurer Canceled Policies Months Before Los Angeles ...
Jan 8, 2025 · State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades—the same area which is now being ravaged by a devastating...
Report: State Farm’s California Policy Shakeup to ... - Palisades News
Apr 10, 2024 · The San Francisco Chronicle has issued a report that State Farm, California’s largest home insurance provider, plans to non-renew over 1,600 policies in Pacific Palisades, making it the hardest hit neighborhood by the insurer’s shakeup.
State Farm cancels thousands of home insurance policies in the Pacific …
Jan 11, 2025 · State Farm canceled nearly 72,000 insurance policies in California, including 30,000 homes in the Pacific Palisades region, to avoid "financial failure" due to the increasing frequency and severity of wildfires.
State Farm Canceled Hundreds of Pacific Palisades …
Jan 15, 2025 · In a move justified by the company as a strategy to avoid “financial failure,” State Farm canceled over 72,000 homeowners’ policies statewide, with Pacific Palisades—a now-charred affluent neighborhood—bearing a significant brunt.
Why Did State Farm Cancel Fire Insurance Policies In Pacific Palisades ...
Jan 9, 2025 · State Farm canceled hundreds of fire insurance policies in Pacific Palisades in 2024 to avoid financial failure. Now, with over 4,000 acres and 1,000 structures affected, the California wildfires are among the largest in U.S. history.
State Farm ended 1,000+ insurance policies in Palisades in 2024 ...
Jan 14, 2025 · State Farm canceled insurance coverage for many in Los Angeles’ now-fire ravaged Pacific Palisades in 2024 by not renewing 69% of its policies in the neighborhood.
State Farm will offer insurance renewals to homeowners impacted …
Jan 16, 2025 · The Los Angeles Times reported that State Farm's decision to offer renewals will affect about 1,100 policies in place in the 90272 ZIP code in Pacific Palisades, and untold thousands more in other ...
Bel-Air, Pacific Palisades residents lose insurance as State Farm …
Apr 10, 2024 · In Pacific Palisades, according to the letter, 69.4% of the 2,342 policyholders — or about 1,600 — will lose coverage. In Brentwood, 61.5% of State Farm’s 2,114 customers there will lose...
Los Angeles wildfires magnify California 'insurance crisis' as ...
Jan 9, 2025 · In Pacific Palisades, more than 1,600 policies weren't renewed. State Farm had already said in 2023 that it would no longer offer home insurance to new customers in California, in part because of ...
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