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News@lemmy.worldEnglish · 3 days ago

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

www.cbsnews.com

727

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 · 3 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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kent_eh
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18 hours ago
If they run out of people/places that are profitable to insure any more, there won’t be any profits to make.

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