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State Farm canceled hundreds of homeowners’ insurance policies for residents in …
State Farm has canceled numerous homeowners’ insurance policies in areas threatened by wildfires in Southern California, including Pacific Palisades in Los Angeles County. The company cited heightened concerns about the increasing frequency and intensity of wildfires in the state as the reason for these cancellations. This decision underscores the growing challenges faced by homeowners in wildfire-prone regions, where insurance companies are re-evaluating their risk exposure. As wildfires become more common and damaging, residents are facing difficulties in securing adequate coverage, leaving them vulnerable during extreme weather events. The move by State Farm raises questions about the future of insurance availability in high-risk areas and the implications for homeowners seeking protection for their properties.
Anonymous
January 9, 2025 at 4:26 pm
Will Oprah buy the land now?
Brittany Reed
January 9, 2025 at 4:26 pm
I don’t know this is a hard one cause if I’m paying for specific coverage month after month and I’ve never filed a claim, now all of a sudden you cancel it, shouldn’t you refund all the money I paid for that said coverage? If not, you just stole my money.
Matrix... I am the ONE
January 9, 2025 at 4:26 pm
Seems like they knew this was coming.
Lindsay Dillard
January 9, 2025 at 4:26 pm
Due to california state law.thats being missed.
John F Garrett
January 9, 2025 at 4:26 pm
They’re not the only ones that pulled out of california. They’re the ones that are being made an example of now. As I understand it, Rather, there are several key reasons. California’s state insurance regulations, inflation, increased wildfires and heightened reinsurance costs have all contributed to the current California home insurance crisis.
Sergio DePhilippis
January 9, 2025 at 4:26 pm
Blaming State Farm instead of the California policies
Paul Fischer
January 9, 2025 at 4:26 pm
This is on Newsom. The slashed fire department budgets and lack of water provision increased the risks while Newsom put a cap on insurance premiums. The insurance companies had no choice but to leave the state.
Kick Buttowski
January 9, 2025 at 4:26 pm
Get another policy with a different agency, problem solved! Oh wait, agencies might not want to insure you because of how your elected officials manage their state!
James Ford
January 9, 2025 at 4:26 pm
If you live in California and your insurance cancels your fire policy, why wouldn’t you just go find another fire policy with another insurance company? That would’ve been one of the first things I did if I lived in that horribly run state.
Gary Tatterson
January 9, 2025 at 4:26 pm
Don’t think for a minute this all wasn’t planned.
TheIowan
January 9, 2025 at 4:26 pm
They did the right thing. This is on Newsom, not State Farm.
Renata Brajkovski
January 9, 2025 at 4:26 pm
We work with HOA complexes and the insurance companies will not insure the building if you are not properly maintaining and conducting inspections of the systems etc. i am sure there was a legit reason they cancelled.
Tammy Ford
January 9, 2025 at 4:26 pm
It’s all a land grab these people are sick
Luna and Lucifer
January 9, 2025 at 4:26 pm
That’s exactly why people have home insurance to protect from things like this and they cancel.?? F state farm
Gabby Alva
January 9, 2025 at 4:26 pm
This was planned