Insurance Companies Canceled Hundreds of Pacific Palisades Homeowners' Policies before Wildfire Strikes, But Here's the Reason Why...
Jim Há´ft : Jan 9, 2025
The Gateway Pundit
"Most insurers who have limited their offer in the state mentioned the rising wildfire risk as well as the state's regulations as the main reasons behind their decision. Unable to increase their premiums to a level that will match their growing risk, companies have decided instead to cut coverage." -Newsweek
[TheGatewayPundit.com] As wildfires ravage Southern California, homeowners in Pacific Palisades find themselves grappling with an unbearable reality: their homes are burning, and their insurance policies—once their safety net—were canceled just months ago by State Farm. (Screengrab image: via YouTube /Daily Mail)
In a move justified by the company as a strategy to avoid "financial failure," State Farm canceled over 72,000 homeowners' policies statewide, with Pacific Palisades—a now-charred affluent neighborhood—bearing a significant brunt.
James Woods, a renowned actor and Pacific Palisades resident, summed up the community's frustration on social media.
"Actually, one of the major insurance companies canceled all the policies in our neighborhood about four months ago," he wrote...
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...A reader of The Gateway Pundit weighed in with a scathing critique of California's mismanagement, blaming poor policies for the state's vulnerability to wildfires.
"Before you read the blurb and blame the insurers, understand that CA has done a terrible job of planning and protection. Insurers cannot bear the burden of the Democratic policies and planning..." Subscribe for free to Breaking Christian News here
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