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:

  • derf82@lemmy.worldEnglish
    53·
    20 hours ago

    Turns out when you say you cannot charge more than x for a service that costs y to provide, and y>x, no one can sell the service.

    Insurance companies fucking suck, but too many think their profits are the ONLY reason there is a problem.