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:

  • prole
    2·
    4 months ago

    Why would they do that rather than just not offering plans in areas where they project they will lose money?

    • kent_eh@lemmy.caEnglish
      1·
      4 months ago

      They’ll run out of places to sell insurance pretty fast if climate change isn’t effectively countered.

      • prole
        2·
        4 months ago

        And that’s when you’ll start seeing the property insurance industry suddenly really give a shit about climate change.