State Farm, one of the largest homeowners insurance providers, reportedly canceled hundreds of policies in the Pacific Palisades region of Los Angeles County.

The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."

State Farm canceled hundreds of fire insurance policies in Pacific Palisades in 2024 to avoid financial failure. Now, with over 4,000 acres and 1,000 structures affected, the California wildfires are among the largest in U.

The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.

As wildfires rip through the Pacific Palisades in Los Angeles County, California, hundreds have been left without homeowner's insurance after

State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.

State Farm is being accused of canceling thousands of fire insurance policies in California right before the massive wildfires. More than 10,000 homes and businesses have been destroyed as multiple wildfires continue to ravage parts of Los Angeles County,

State Farm canceled hundreds of homeowners' policies last summer in the Pacific Palisades area, now affected by severe wildfires. Many insurers defended the move due to rising wildfire risks and regulations limiting premium increases.

As wildfires in California have worsened in recent years, some insurers have said they're done covering the damage. State Farm and Allstate said in 2023 and 2022 they would stop writing new policies in California due to fears of massive losses from wildfires and other natural disasters,