VIDEO – BUSINESS AS USUAL –
Jan. 9, 2025 – State Farm reported that it wasn’t renewing 69.4% of policies, equal to 1,626 policies, in the 90272 zip code, which is the zip code for the Pacific Palisades. Since 2017, insurance companies in California have frequently opted not to renew policies due to wildfire risk. Strong Santa Ana winds and drought conditions have led to a number of devastating fires in and around Los Angeles this week, including one in the Pacific Palisades neighborhood that has been described as one of the most destructive natural disasters in Los Angeles history.
“In recent years, the number of acres burned in California has been increasing, and more people are moving into areas prone to fires,” State Farm said in an October update. “This means that when extreme weather events like wildfires happen, the damage can be more costly due to the higher number of people, homes and businesses at risk.”
