The Damage Report
@thedamagereport·1.3M subscribers·34.1K videos
California Residents Suddenly DROPPED By Insurance Before Catastrophic Wildfires
Posted
January 9, 2025
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13:01Now PlayingResidents in areas ravaged by wildfires were suddenly dropped by home insurers, including State Farm, last year as wildfires are getting increasingly worse leaving many California home owners stranded. John Iadarola and Elex Michaelson break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
2 charts show LA neighborhoods hit by wildfires were left exposed by recent insurance rollbacks
"Thousands of California homeowners at risk from the Los Angeles County fires find themselves exposed in a volatile home-insurance market.
Last year, California's largest home insurer — State Farm — canceled thousands of policyholders' plans in areas across LA County, including in Pacific Palisades and parts of Santa Monica and Calabasas, that are under evacuation orders and warnings as the fires rage. Nearly 70% of State Farm policyholders in the affluent Pacific Palisades neighborhood were dropped by the company beginning in July.
The following table shows the ZIP codes that were under evacuation orders or warnings as of Wednesday afternoon and had the highest rate of nonrenewals from State Farm last year."
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