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News@lemmy.worldEnglish · 1 month ago

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

www.cbsnews.com

731

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 · 1 month 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:

Chat

technocrit@lemmy.dbzer0.com
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1 month ago
I’m pretty sure these gamblers will profit all the way down.
- kent_eh
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  1 month 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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