State Farm cancels policies in Pacific Palisades
12hon MSN
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.
Thousands of residents have been forced to evacuate the Los Angeles area as wildfires continue to tear through the region.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
The catastrophe has been years in the making as the state’s largest insurance companies discontinued coverage for thousands ...
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.
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