Los Angeles Homeowners in Insurance Crisis as Wildfires Blaze On

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Posted on 01/09/2025 5:07:38 PM PST by ChicagoConservative27

California residents have long been struggling with insurance companies that no longer want to protect their homes, and thousands of policies — including around 1,600 in the now-devastated Pacific Palisades neighborhood — were dropped in the months leading up to this week’s wildfires.

Out of the approximately 8,900 occupied housing units in Los Angeles’s Pacific Palisades, nearly 80 percent are owner-occupied, according to 2022 U.S. Census data obtained by Point2Homes.

State Farm dropped a staggering 1,600 home insurance policies in the neighborhood in July, equivalent to about 18 percent of the owner-occupied homes, California Department of Insurance (CDI) spokesman Michael Soller told CBS News on Thursday.

(Excerpt) Read more at breitbart.com ...

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I can't imagine the premiums living in southern California.

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