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:

  • @TehWorldEnglish
    2•1 day ago

    If there was no cap on insurance, the market would absolutely fix the “uninsurable” problem. It might cost $90k a month to insure your home, but since they fully expect it to burn down in a few months, they’re likely to take a loss on that insurance.