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News@lemmy.worldEnglish · 2 days 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

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News@lemmy.worldEnglish · 2 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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Cethin
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1 day ago
Well, it should be proportional to the value they’re covering * the risk of loss, so they’re probably paying much more than $50000/year.

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