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:

  • fine_sandy_bottom@discuss.tchncs.deEnglish
    73·
    1 day ago

    I’m somewhat astonished that you think owners of this type of property ought to be indemnified in any way.

    If I inherited such a property, I would absolutely try to find a “greater fool” to buy it.

    I would point out though, properties like that aren’t going to be unsaleable over night. They’re just going to be less desirable than other properties.