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Home / Posts / California's Insurance Crisis After Wildfire

California's Insurance Crisis After Wildfire

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1. Policy Cancellations

California's Insurance Crisis After Wildfir_2

The issue of canceled policies has become increasingly common. Between 2020 and 2022, insurers declined to renew 2.8 million homeowner policies in California, including 531,000 cancellations in LA alone. By 2023, some major insurers halted new policies in California, with State Farm canceling coverage for over 1,500 homes in Pacific Palisades.

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