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:

  • lolcatnip@reddthat.comEnglish
    2·
    20 days ago

    The US government ought to require insurers to ensure everywhere had a reasonable cost, or get out of the fucking business.

    That’s literally what’s happening at the state level in California. And the insurers got out because they can’t cover their operating expenses while charging what the state considers a reasonable cost.