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.
Santa Ana winds return to Southern California from Monday to Tuesday, once again raising fire danger concerns.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
State Farm has abandoned its plan to air a commercial during the upcoming Super Bowl, instead turning its focus on helping those impacted by the wildfires in Southern California. "State Farm ...
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 ...
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.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
State Farm, one of the largest homeowners insurance providers, reportedly canceled hundreds of policies in the Pacific Palisades region of Los Angeles County.
The city burning is Los Angeles’s deepest image of itself. . . . The wind shows us how close to the edge we are.” This was Joan Didion writing in 1968 on the effect that the Santa Ana winds have had on the psyche and landscape of Southern California.
At least 10 people have died and more than 100,000 people have been evacuated in Los Angeles due to multiple wildfires engulfing the city, and California’s unenviable insurance climate is rearing its head amid the disaster.
Following its announcement that it would pause non-renewals for policyholders to ensure coverage for Los Angeles County residents impacted by wildfires, State Farm on Thursday, Jan. 16, reported receiving 7,850 home and auto claims with numbers expected to rise as damages are assessed.
Three wildfires continue to burn in the Los Angeles region, according to Cal Fire. The Palisades and Eaton fires have scorched nearly 40,000 acres, destroying thousands of homes and forcing tens of thousands of evacuations. The fires are 31% and 65% contained, respectively, but authorities said earlier this week that the blazes had little growth.