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News@lemmy.worldEnglish · 8 months ago

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

www.cbsnews.com

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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 · 8 months 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@lemmy.ca
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7 months 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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